The Dow falls as tech stocks fall after President Trump slams U.S. Federal Reserve Chairman Jerome Powell for failing to cut interest rates. The dollar falls to a three-year low on tariff concerns. Chinese battery maker CATL unveils new cells, claiming faster charging times and longer range than rival BYD. Also in autos news, Tesla shares plunge 6 per cent ahead of earnings due out later today with one analyst calling the decline a ‘Code Red’ moment for the firm.   

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. markets tumble after Federal Reserve Chairman Jerome Powell says the central Bank is waiting on ‘greater clarity’ of the impact of President Trump’s tariffs. Powell warns that the U.S. economy could face rising inflation and a decreased jobs market as a result of the levies. Nvidia shares slump by 6.87 per cent after revealing a $5bn hit from U.S. export controls. Other semi-conductor companies follow suit into the red. In Europe, Siemens Energy hikes its outlook after a stellar Q2 result. The German firm posts its highest profit margin since being spun off from Siemens almost 5 years ago. And in luxury news, Milan-based fashion house Moncler defies the general slump in the sector to post a Q1 beat.  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China’s economy expands by 5.4 per cent in the first quarter but President Trump’s levies on the country fuel concerns about further stimulus measures from Beijing. ASML net bookings are down with the Dutch chip maker warning the Trump tariffs have heightened demand uncertainty. The U.S. president has called for a tariff probe into critical minerals, pushing mining stocks down and potentially opening a new front in his tariff offensive. Nvidia shares tumble after the semi-conductor giant warned of a $5.5bn charge for Q1 related to GPU chip exports to China.  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. announces it is launching investigations into the chip and pharmaceutical imports. President Trump says that goods with strategic and security importance must be produced Stateside. The move could provoke further tariffs. Global auto makers see shares rise as President Trump hints at potential tariff relief for the sector. In luxury goods news, LVMH misses Q1 sales targets, falling 3 per cent on disappointing performance in Asia. Chinese President Xi Jinping visits Vietnam as part of a diplomatic tour of the ASEAN region in a bid to bolster regional ties as economic tensions with the U.S. increase.  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump outlines tariff exemptions including smartphones, chips and other tech components but U.S. Commerce Secretary Howard Lutnick says the move is only temporary. The tech sector rallies in Asia with the Hang Seng leading gains. Chinese exports surge more than 12 per cent in March. President Xi Jinping slams the trade was with the U.S., saying that protectionism has ‘no way out’. The founder of Bridgewater Associates Ray Dalio tells NBC News tariffs and a falling dollar could signal a potentially serious economic downturn.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The market sell-off continues. Following a brief rally, yields are up, the dollar weakens and the Dow loses a further 1,000 points as the trade war fuels concerns about a potential recession in the U.S. Inflation data Stateside comes in better than expected for March. It’s the first consecutive monthly decline since 2020. European Commission President Ursula Von Der Leyen warns of digital advertising levies in the event U.S. trade talks should fail with counter-measures potentially extending to service imports.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street enjoys a historic rally after President Trump announces a 90-day pause on reciprocal tariffs, not including China. Asian equities are also in the green with the Nikkei and Taiwan’s Taiex leading gains. European futures are also up as are Chinese equities, despite Trump increasing levies on the country to 125 per cent. In Germany, the CDU/CSU and the SPD unveil a coalition deal with Chancellor-in-waiting Friedrich Merz addressing President Trump directly to give assurances on defence and economic competitiveness. And in autos news, Volkswagen shares plummet as the car maker misses forecasts by a wide margin amid tariff uncertainty.  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump’s tariffs kick in for the so-called ‘worst offenders’ with the minimum rate on certain Chinese goods hitting 104 per cent. Trump says the U.S. remains resolute. Asian equities are firmly in the red. European markets and Wall Street are both braced for more heavy sell-offs. U.S. Treasury yields also spike. The tariffs feud between Elon Musk and President Trump’s top trade advisor Peter Navarro intensifies following disagreement over Tesla’s auto assembly practices. Musk calls Navarro ‘dumber than a sack of bricks’. In Germany, the CDU/CSU and SPD are reportedly close to a coalition deal following 13 hours of negotiations.  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian equities rebound after hitting an 18-month low while Wall Street futures are in the green following a volatile session on Monday. The Nikkei is up following the news that Tokyo is granted priority in U.S. trade talks with a negotiating team due to arrive in Washington D.C. later today. Beijing vows to ‘fight to the end’ against American ‘blackmail’ after President Trump threatens to double tariffs on China this week. Brussels prepares retaliatory measures against the U.S. but also believes that a ‘zero-to-zero’ tariff deal is possible. We hear from Banca Monte di Paschi di Siena CEO Luigi Lovaglio who says Europe is able to ride out the tariff turmoil.   

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian equities fall with the Nikkei hitting an 18-month low as China retaliates against President Trump’s sweeping tariffs policies. U.S. equity futures also indicate a heavy sell-off after $5tn in market cap was wiped off the S&P 500 in just two days. Europe is also set lower today as European Union trade ministers gather in Luxembourg to discuss an appropriate tariff response. And in media news, the Trump administration is forced to extend the TikTok deadline as Beijing abandons the deal at the last moment over the last week’s tariff controversy.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.