ASX set to rise after Wall Street rebounds on tariff roller coaster — 208 posts — The True Story

Summary

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Wall Street bounced back Wednesday from consecutive bad days on news that President Donald Trump is pausing the potentially devastating automobile tariffs against Canada and Mexico.
International Business Times
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However, comments from the U.S. Commerce Secretary about possible exemptions to Mexican and Canadian duties kept hopes for negotiations afloat.
Reuters
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While most S&P 500 sectors advanced, the materials sector led gains with a 2.63 percent increase, followed by consumer discretionary and industrials at 1.75 percent and 1.5 percent, respectively.
XinhuaNet
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For example, the market got a boost shortly before noon ET after Bloomberg News reported the White House is considering delaying auto tariffs on Canada and Mexico by one month.
CNBC

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