Morning Bid: Another won bites the dust

By Amanda Cooper

(Reuters) - A look astatine the time up successful U.S. and planetary markets by EMEA markets breaking quality exertion Amanda Cooper.

It's looking precise overmuch similar different "risk-off" time for the markets today, wherever stocks, the dollar and commodities are down, portion enslaved prices are ticking up and safe-haven currencies similar the Japanese yen and the Swiss franc are enjoying a rally.

The sweetener unreserved earlier this week from the U.S./China commercialized truce seems to person fixed mode to a sweetener hangover. Traders seeking different deed volition present beryllium scouring information connected U.S. user spending and assorted surveys of determination concern activity, portion besides hoping to perceive soothing words from Fed Chair Jerome Powell.

The Reuters markets squad is present to supply you with each the accusation you request to commencement your day.

Today's Market Minute

* Republicans successful the U.S. Congress precocious large elements of President Donald Trump's fund bundle connected Wednesday, arsenic cardinal committees approved taxation cuts that would adhd trillions of dollars to the U.S. debt, portion cutting spending connected healthcare for the mediocre and disabled.

* U.S. President Donald Trump said connected Thursday that the United States was getting precise adjacent to securing a atomic woody with Iran, and Tehran had "sort of" agreed to the terms.

* Elon Musk's governmental enactment committee failed to wage registered plaything authorities voters arsenic promised during past year's U.S. predetermination successful instrumentality for signing a petition oregon referring different voters, according to a projected national people enactment lawsuit.

* Oil hardly garnered a notation from U.S. President Donald Trump during his glitzy sojourn to Saudi Arabia this week. But the achromatic golden whitethorn explicate wherefore the travel went truthful smoothly. Find retired wherefore successful Reuters’ columnist Ron Bousso’s latest piece.

* China’s soybean imports precocious dipped to a 12-year low, but apical supplier Brazil’s latest export volumes to China person deed all-time highs. So however does this each acceptable together? Reuters’ columnist Karen Braun breaks it down.

ANOTHER WON BITES THE DUST

Every U.S. medication for decades has indicated it maintains a beardown dollar policy. It's nary concealed that Trump's medication wants a weaker currency to assistance grease the wheels arsenic it seeks to get the remainder of the satellite to bargain much U.S. goods and services.

The flipside, of course, is that a weaker currency volition thrust up the outgo of immoderate imported goods and services, thereby heaping much symptom connected a U.S. user that already look a deed from tariffs - adjacent if these levies are not presently astatine the eye-watering levels Trump archetypal floated arsenic portion of his April 2 "Liberation Day" tariff bonanza.