Market Overview
China Retaliates, Risk Sentiment Collapses as Market Turmoil Deepens
Risk aversion deepened across global markets today as China unveiled a forceful response to the sweeping US tariffs announced earlier this week. Beijing will impose an additional 34% tariff on all US goods starting April 10, in a move that effectively escalates the trade war into a full-scale economic...
Global Market Rout Deepens Ahead of US Jobs Data
There’s no relief in sight for the markets as risk aversion extends into Friday’s Asian session. Japan’s Nikkei is leading the losses once again, falling over -3% and cementing a near 10% weekly drop — the worst performance since early 2020. Singapore’s Strait Times Index has finally caught up...
Tariff Sparks Risk Exodus; Euro Rises as Preferred Shelter
Risk-off sentiment swept across global financial markets today following the U.S. announcement of sweeping reciprocal tariffs. The sheer scale, complexity, and breadth of the trade measures surprised investors and rattled confidence. Equities in Europe and Japan suffered broad losses, but the brunt of the selloff appears to be landing...
Tariff Shock Hits US Markets Hard, But Global Reactions Split
Reactions in the US markets to the long-anticipated reciprocal tariff announcement were decisively negative. NASDAQ futures tumbled more than -3%, while DOW futures shed as much as -2% at one point. US 10-year yields plunged below the 4.1% mark, highlighting a strong wave of safe haven flows. The reactions...
Investors Await Clarity as Trump’s Trade Plan Nears Unveiling
Risk-off sentiment has returned to European markets and US futures as traders await the long-anticipated announcement of the United States’ reciprocal tariffs, scheduled for 2000 GMT. After months of speculation and political posturing, today is expected to bring the concrete details of US President Donald Trump’s sweeping reciprocal tariffs...
Tense Silence Before Tariff Thunder, Liberation Day Looms
Asian markets traded cautiously today as investors await the long-anticipated reciprocal tariff announcement from the US, dubbed “Liberation Day” by President Donald Trump. Following the mixed close on Wall Street, risk sentiment remains fragile, with traders in clear wait-and-see mode. However, the rebound in commodity currencies overnight hints that...
Euro Slips on Soft CPI, US 10 Year Yields Sink
Global markets are trading with a mixed tone today as investors brace for the long-awaited reciprocal tariff announcement from the US tomorrow. Asian stocks staged a moderate recovery from Monday’s selloff, while European indexes are also slightly in black. However, US futures are coming under renewed pressure. Meanwhile, Gold...
Markets Stabilize Ahead of Tariff D-Day, Focus Turns to Eurozone CPI and ISM Manufacturing
The global equity selloff appears to have passed its peak—at least for now. After days of heavy risk-off moves driven by fears surrounding the upcoming US reciprocal tariffs announcement on Wednesday, traders have taken a cautious step back into a wait-and-see mode. US indexes clawed back most of their...
Global Markets Plunge, Aussie Down Ahead of RBA
Risk aversion is sweeping through global financial markets today, with equities across Asia and Europe plunging ahead of the US's so-called tariff “Liberation Day” on April 2. The selloff began in Asia, and continued through European Session. US futures are also pointing sharply lower, with the tech-heavy NASDAQ bearing...
Nikkei Crashes as Auto Tariff Reality Hits, Yen and Gold Soar as “Liberation Day” Looms
Risk aversion erupted across Asian markets today, with Japan bearing the brunt of the selloff. Nikkei plummeted by nearly than -4%, marking its worst day in months and sending the index to its lowest level since September last year. The sharp move comes as traders scramble to reassess the...
Markets Rush to Safe Haven as Tariff Clock Ticks Down
While US investors managed to stay relatively composed through most of last week, the calm cracked heading into the weekend. Stocks saw extended selloffs, Treasury yields dropped, and Gold surged to yet another record high — all classic signs of a decisive flight to safety. With risk appetite now...
Markets Sluggish Despite Data Surprises, Caution Prevails Ahead of Tariff Unveil
The forex markets are ending the week in a sluggish and indecisive mood, despite a flurry of notable economic data releases. The highlight was the hotter-than-expected US core PCE inflation, which firmed expectations that Fed will hold rates steady in May, with market pricing now around 90% chance. However,...
Yen Finds Some Relief from Inflation Data, But Struggles to Rebound
The overall mood in the forex markets remains one of indecision, with major currencies largely range-bound. Yen is attempting a mild rebound after Tokyo's CPI figures came in stronger than expected, with core-core inflation rising to 2.2% yoy. However, the Japanese currency is still the worst performer of the...
Sterling and Euro Rebound, Gold Jumps Amid Intensifying Trade Tensions
Global headlines remain focused on US President Donald Trump’s unfolding tariff regime. But traders are telling a slightly different story. FTSE and DAX slip into negative territory, but the pullback in equities remains limited. Sterling and Euro are both strengthening against Dollar indeed.
Tones out of London and Brussels are...
Auto Tariff Hits Wall Street, But Currencies Shrug Off the Drip Feed
The steady drip of tariff news from US President Donald Trump continued overnight, pushing US equities lower and weighing on risk sentiment globally. The tech-heavy NASDAQ led the decline with a drop of over 2%, while broader US indexes also closed in the red. In Asia, Japan’s Nikkei and...
Sterling Lags After CPI Miss, But BoE Rate Cut to Stay Gradual
Sterling fell broadly today after UK’s February CPI came in slightly below expectations. However, the selloff has been contained, with markets still expecting the BoE to proceed cautiously with policy easing. In particular, services inflation remained sticky at 5%, signaling that underlying price pressures are not abating as quickly...
Commodities Lift AUD and CAD as Tariff Speculation Builds
Commodity currencies are finding a bid in Asian session today, though still largely range-bound against Dollar. A sharp rally in Copper prices, driven by US tariff fears, is likely giving Aussie a tailwind, countering lingering drag from today’s slightly weaker-than-expected inflation data. Meanwhile, Loonie is benefitting from speculation that...
Dollar Slips, Euro Bounces, Aussie Awaits CPI
Dollar is once again under pressure as markets head into the US session, with its recent rebound losing steam in the absence of any clear-cut catalyst. While new headlines on tariffs continue to emerge almost daily, these “leaks” could only be seen as reflective of ongoing deliberations within the...
Yen Steadies on Hawkish BoJ Tone, USD/JPY Rally Pauses at Key 150 Level
Financial markets entered Tuesday on a subdued note, with the Asian session notably quiet. While US stocks managed a rebound overnight on speculation that the April 2 “Liberation Day” tariff rollout might be narrower in scope than initially feared, sentiment failed to fully carry into Asia. Equity indices across...
Markets Driven by PMI Data and Tariff Speculations, Silver at Risk of Reversal
Market sentiment today is largely influenced by a mix of global PMI releases and ongoing uncertainty around US tariff policy. There are reports suggesting the Trump administration may exclude a set of sector-specific tariffs from the sweeping reciprocal levies set to begin on April 2. US futures are pointing...