• Daily market updates

• #Commodities
• #Forex
• #Stocks

Trump escalates tariffs, dollar rises

New tariffs on Canada and Europe raise investor concerns

Currencies and Stocks Impact The dollar rose against the euro, yen, and Canadian dollar, supported by the escalating tariffs. European stocks fell about 0.4%, including the Stoxx 600 index, amid renewed downside concerns. Asian markets were mixed after an upbeat close on Wall Street, driven by gains in technology companies, but the tariffs dampened optimism. Oil Movements Oil rose about 0.4% amid geopolitical concerns and expectations of a return of sanctions on Russia, despite pressure from rising OPEC+ production.

 An Influential Look at Companies

• Fast Retailing (Japan) shares fell nearly 7% after it warned of the impact of the tariffs on its operations.

• Asian stock markets and developers were mixed, with strong gains in China and declines in Japan.

Forecasts

• Pressure on the dollar could continue if concerns escalate, with emerging markets being affected.
• European and Asian stocks are subject to temporary volatility until the details of the tariffs become clear.
• Focus now turns to next week's US corporate earnings to gauge the impact of the tariffs.

 To open live account click here