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Wayne Cole gives us a look at what the future holds for European and global markets. The Asian stock markets are once again in a rout as President Trump refuses to back down from his tariff plans, despite the conflagration of wealth that has engulfed equity markets. Investors thought that the threat of losing trillions of dollar would cause Trump to reconsider or shake his aides. But he appears to believe this harsh medicine is going help him in the end. Bill Ackman, a billionaire fund manager who supported Trump's presidential run, said the tariffs would be an "economic winter"...

The dollar fell on Thursday as U.S. President Donald Trump’s trade tariffs caused investors to flee for safe havens like bonds and yen. S&P 500 companies have lost $2.4 trillion combined in market value. This is their largest one-day drop since the global coronavirus pandemic began on March 16, 2019. Nasdaq composite index led declines Wall Street ended the day with a 5.97% decline, its largest daily drop since March 2020. The S&P 500, Dow Jones Industrial Average, and Dow Jones Industrial Average also posted their largest daily percentage drops since June 2020. The new 10% baseline tariff on imported...

Trying to stay up-to-date with the latest news on tariffs? This daily news digest provides a quick overview of global trade headlines. Tariff Watch is free. Sign up here. Wayne Cole gives us a look at what the future holds for European and global markets. The week has started off rocky in Asia, as stocks have fallen across the board due to a rush to risk. Bonds extended their rally while gold reached another record. The mood was already fragile before the announcement of U.S. Tariffs on Wednesday, but President Trump exacerbated it by telling reporters aboard Air Force One...

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Headlines Volvo Cars brings former boss back to provide a'steady' hand Trump threatens to impose secondary tariffs on Russian Oil if there is no agreement on Ukraine Isar declares launch of rocket a success, despite first-time failure to reach orbit Task force urges to eliminate oil and gas windfall taxes before 2030 View the full article Volvo Cars has appointed Hakan Samuelsson as its new chief executive after warning last month of a potentially challenging 2025. Donald Trump,...

The U.S. Dollar resumed its upward movement on Wednesday as investors awaited President Donald Trump's next announcement of tariffs. White House Press Secretary KarolineLeavitt confirmed that Trump would hold a press event at 4 pm EDT (20:00 GMT) on Monday to announce the auto tariffs. The technology sector was a major factor in the decline of U.S. stock prices on Wall Street. The three major U.S. indices were on course to end a streak of three consecutive gains. In recent days, stocks have begun to show signs of bottoming after being under pressure from the uncertainty surrounding the tariff outlook....

The dollar also eased after reaching a three-week peak. The European share market led the gains while Wall Street stocks were modestly higher following strong gains the previous session after Trump suggested that not all his promises would be fulfilled. Threatened levies Some countries could get a break. U.S. shares pared gains following a Conference Board reading on consumer sentiment Board fell In March, sentiment dropped 7.2 points, to 92.9, which was below the 94.0 estimated. This is the latest in an ongoing trend of cooling. "Confidence continues to decline, and this reflects the political division in America," said Brian...

After reports that the Trump administration might take a more targeted tariff approach than was previously thought, global stocks rose on Monday. This boosted risk appetite. The Wall Street Journal, Bloomberg and other media outlets reported that Trump's administration will likely exclude a number of sector-specific levies but apply reciprocal levies to April 2. Peter Andersen of Andersen Capital Management, Boston, said that investors are concerned about the changes proposed by the Trump administration. "Whether or not tariffs are imposed, if they're repealed, or if they're delayed, it causes extreme volatility in markets," he added. In recent weeks, the market...

Here are some of the major financial market movements prompted by President Donald Trump's actions in the last few weeks, from his re-ignition a global war of trade to his signal that Europe cannot take the U.S. military support for granted. 1 $5 TRILLON WIPOUT The parts of the market which have not been beaten around are easier to name than the ones that have. The numbers are huge. The numbers are staggering. The King Dollar has dropped a few pegs amid fears that a global war of trade combined with the mass firing of government employees will finally slow...

The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in the tech race. This could be a turning point, with investor capital moving away from the United States. China released more stimulus on Tuesday and pledged to make greater efforts in order to mitigate the impact of a escalating U.S. Trade War. The likely next German government had agreed to the largest overhaul of fiscal policy since the reunification. German bonds plunged in the biggest sell-off in decades on Wednesday as the 30-year...

Wayne Cole gives us a look at what the future holds for European and global markets. Crypto fans have had a great day after President Donald Trump announced on social media that he would be creating a reserve of digital assets, which included bitcoin, ether XRP, cardano, solana, and xrp. Bitcoin is around 10% higher while ether jumped by 13%. The fund's workings are still unclear and will likely be explained at the White House Crypto Summit on Friday. Analysts wonder how the reserve is going to be funded, given that the government has a debt of $36 trillion. Borrowing...

The dollar rose slightly after U.S. president Donald Trump warned about additional tariffs including those on steel and aluminum. Meanwhile, a global stock index shook off worries over more duties to advance. Trump told reporters aboard Air Force One that he will announce 25% tariffs on steel and aluminum imports to the U.S. on Monday, and other reciprocal tariffs shortly thereafter. China's retaliatory duties on certain U.S. imports will take effect Monday. There are no signs of progress in a new agreement between Beijing and Washington. The dollar index (which measures the greenback in relation to a basket of currency)...

The dollar rallied, while U.S. stock futures fell greatly on Friday after information showed the U.S. economy produced much more jobs in December than anticipated, reinforcing the belief among investors that U.S. rate of interest might not fall much this year. The Labor Department said nonfarm payrolls increased by 256,000 in December, up from November's downwardly revised 212,000 and above expectations for a rise of 160,000 in a Reuters poll of financial experts. The unemployment rate fell to 4.1% versus expectations for a the same reading of 4.2%. The dollar, which is set for a sixth weekly increase against a...

Thyssenkrupp Steel Europe and Salzgitter called on Monday for the EU Commission to implement its action plan as quickly as possible in order to protect the steel sector from the tariffs imposed by U.S. president Donald Trump. In a recent statement, Gunnar Gröbler, CEO at Salzgitter, Germany’s second largest steelmaker, said that Europe must not remain defenseless against the growing pressure of imports. Groebler stated that the EU must act with decisiveness while keeping the dialogue open with the U.S. TKSE, Germany’s largest steelmaker said that the plan is an “important impetus” to strengthen and decarbonise the sector's competitiveness. Dennis...

Ursula von der Leyen, President of the European Commission, held a conference call on Monday with representatives from the metals sector. She then spoke to the automotive industry to discuss ways to respond to U.S. Tariffs. The calls were to gather data to inform future countermeasures, beyond Brussels' response to Washington's tariffs on steel. This will be voted upon later this week. On Tuesday, a call will be held with the European Pharmaceuticals Industry. On Monday, European and Asian stocks and oil prices plunged on fears that U.S. president Donald Trump's tariffs could increase prices, weaken the demand and even...

Sources and a letter indicated that Ursula von der Leyen, President of the European Commission, spoke with representatives from the metals sector on Monday. She then addressed the automotive industry to discuss ways to respond to U.S. Tariffs. The calls were held to gather more information to strategise future trade countermeasures, beyond Brussels' forthcoming response to Washington's steel duties that have been announced previously and which will be voted upon later this week. Tuesday is set for a third call with representatives of the European pharmaceuticals sector. Investors feared that the tariffs Trump announced last weekend could lead to higher...

China announced an additional 34% tariff on U.S. products on Friday. This is the most significant escalation of a trade conflict with President Donald Trump, which has fueled fears of a worldwide recession and caused a stock market crash. Beijing announced that it had added several U.S. companies to an export control listing and classified others as "unreliable". From Canada to China, nations have prepared retaliation as a trade war escalates after Trump raised U.S. Tariff Barriers to their highest levels in over a century. This led to a drop in the world financial markets. Shigeru Shiba, the Prime Minister...

Elon Musk’s electric car brand's first quarter sales in France have been the lowest since 2021, according to data released on Tuesday. Tesla's sales have been in decline ahead of its much-anticipated Model Y midsize SUV launch. The billionaire CEO is a close ally to U.S. president Donald Trump and has courted far-right parties across Europe. Data from the French auto body PFA revealed that Tesla sold 3,157 cars in France in March, a drop of 36.83% from last year. This equates to 6,693 registrations for the first quarter. The PFA's share of the country's market dropped to 1.63% for...

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain sectors or countries. Trump's threats changed over time. This left other nations and business unclear as to what was next. It also created uncertainty for consumers and triggered a recent stock-market selloff. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods. Last month, Trump asked his team of economists to...

The VDMA association reported on Monday that geopolitical conflicts, U.S. tariffs, and general uncertainty have clouded the prospects for a robust recovery. The engineering group reiterated its forecast and also called on Germany's new government to implement deep reforms including tax cuts, reducing regulations, and other measures to end what it described a paralysis of Europe's largest economy. In a press release marking the opening of the Hannover Messe, the BDI industry group echoed these calls but predicted a slightly less drastic decline in production this year of 0.5%. Ralph Wiechers, chief economist at the VDMA, said on the first...

The announcement by Donald Trump of a 25% auto import tariff sent shockwaves around the globe on Thursday. Global carmakers warned that prices would rise immediately, and dealers expressed concern about job losses in large auto-exporting nations, including many U.S. allies. The new tariffs are expected to lead to a second round of large-scale U.S. duties that will be imposed next week. The auto tariffs could increase the cost of an average vehicle by thousands of dollars in the U.S., and dampen demand further at a moment when the industry is already struggling with the transition to electric vehicles. The...

The erratic policies of U.S. president Donald Trump have given Europe a sudden spur to action. However, any "Europhoria," about the chances for a lasting revival in this region is probably premature. Germany's plans for hundreds of billions in defence and infrastructure spending is perhaps the best example of how Germany has responded to Trump's tariff threats and questions about America's future role as a security force in Europe. The growth forecasts for the Eurozone economy have also been revised upwards. Investors are abandoning U.S. stock for the long-neglected European stocks as the euro has increased. While some analyst notes...

Elliott, an activist investor, disclosed on Monday that he owned a stake in Germany's largest utility RWE of about 5% and called for it to increase its share-buyback program worth 1.5 billion euros ($1.6 billion). This is the first confirmation that Elliott – known for its high-profile campaigns with some of the biggest companies in the world, including BP – has a stake in RWE. Elliott, which has assets worth around $72.7 billion globally, also owns stakes in German companies such as Thyssenkrupp Uniper Bayer, SAP, and Bayer. RWE shares grew 2.3%. This was one of the largest gains among...

The German Foreign Ministry announced on Saturday that the embassy had temporarily been closed in Juba, the capital of South Sudan. This was due to rising tensions which have brought this East African nation to the brink of civil war. Salva Kiir, the president of South Sudan, sacked this week the governor of Upper Nile State, where escalating clashes between government troops, and an ethnic militia he claims is allied with his rival First Vice President Riek Makar, have taken place. The standoff has raised concerns that the world’s newest nation, which emerged from a civil conflict that claimed hundreds...

The German steel company Salzgitter stated on Friday that there is no end to the stagnation in the German economy and that exports are becoming more uncertain as tensions between the United States, its trading partners and other countries escalate. German steel has struggled with high energy costs, low demand, especially from the automotive, construction and mechanical engineering industries, and competition from China. The German economy is lagging behind, and this month the parties vying to form the next government proposed a package of spending that would create a 500-billion-euro ($541.70-billion) fund for infrastructure expenditures over a 12-year period. Salzgitter...