April 8, 2025
EU Commission proposes 25% counter-tariffs on some US imports
The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump’s tariffs on steel and aluminium. The tariffs on some goods will come into effect May 16 and others later in the year.
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April 7, 2025
Oil dives on China’s tariffs on US goods – Lowest in 3 years
Oil prices plunged to settle at their lowest in three years as China ramped up tariffs on U.S. goods, escalating a trade war that has led investors to price in a higher probability of recession. China, the world’s top oil importer, announced it will impose additional tariffs of 34% on all U.S. goods. The Oil-Dollar […]
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April 7, 2025
S&P 500 loses $5 trillion in two days in Trump tariff selloff
Global stock markets extended their recent rout, with S&P 500 companies wiping out $5 trillion in stock market value since Trump unveiled sweeping tariffs. The Nasdaq confirmed it was in a bear market, ending more than 20% below its record high close.
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April 7, 2025
Shell-shocked markets brace for more tariff tumult
Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago.
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April 3, 2025
Wall Street ends higher, rebounds in choppy trade
U.S. stock indexes finished higher after a choppy trading session on Wednesday, falling early and then rebounding as investors made last-minute bets to position themselves ahead of U.S. President Donald Trump’s sweeping tariff announcements that came later in the day.
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April 3, 2025
Dollar bumpy in pre- Liberation Day trading
The U.S. dollar fell against major currencies such as the euro, and sterling on Wednesday, while the safe-haven yen tumbled, as traders awaited U.S. President Donald Trump’s plans for tariffs, which could reshape the global trading system. The Pound-Dollar pair traded sideways in the last session. The MACD is giving a positive signal.Support: 1.2882 | […]
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