Thursday proved to be a pivotal day for markets despite President Trump’s 90-day reprieve for non-retaliatory nations.
Global markets got a boost after President Trump announced a 90-day pause on US tariffs for non-retaliatory countries, lifting sentiment and sparking a surge in risk assets.
Global markets remain under pressure mid-week as President Trump’s controversial tariffs officially take effect, sparking fresh fears of a worldwide economic slowdown. The most eye-catching measure—a 104% tariff on Chinese goods—has rattled risk sentiment, especially in the absence of a last-minute US-China deal.
After a volatile Monday, pessimism pauses on Tuesday as traders hope for a break in the looming US tariffs, set to take effect on April 9. Trump's tariffs have drawn global criticism, with several US entities considering lawsuits over his use of emergency powers.
US President Donald Trump’s refusal to retreat from the global trade war—dismissing the market slump as a "much-needed correction"—keeps market bears wary of further pessimism. USDJPY drops as trade war fears fuel risk aversion.
Concerns over potential economic fallout from Trump’s tariffs gripped global markets, shaking investor sentiment across asset classes. Adding to the uncertainty is the cautious mood ahead of Fed Chair Jerome Powell’s speech and the upcoming US Nonfarm Payrolls (NFP) report.
President Trump’s new tariffs have triggered trade war fears, impacting nearly 60 countries, with China facing tariffs of up to 54% if the issue remains unresolved by April 9.
Market momentum is low early Wednesday as traders await US President Trump’s key “Liberation Day” tariff announcements. Tension rises due to mixed signals from US data anticipation and ECB talks.
The risk outlook remains uncertain early Tuesday, following a slightly positive end to Q1 2025.
Market sentiment remains downbeat on the final day of the quarter, as traders begin the US NFP week.
Gold challenged its previous record high of $3,058 before surging to a fresh peak of $3,080 early Friday, defying the market’s uncertainty.
EURUSD and GBPUSD bounced back from three-week lows, while USDJPY showed slight losses.
Gold pulled back from support, Crude Oil lost momentum, and EURUSD, GBPUSD, and USDJPY saw pressure.
