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European bank shares extend losses on fear of tariff-induced recession
April 7 (Reuters) - Shares in German lenders continued their losses for a third day as U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.Germany's Commerzbank CBKG.DE and Deutsche Bank DBKGn.DE were down between 9.5%-10.3% in...Reuters
Mon, Apr 7
Crypto market wipes out $1 billion in liquidation as Asian markets bleed red
The crypto markets continue to decline on Monday, with Bitcoin (BTC) falling below $78,000. The Asian markets also traded in the red, with Japan’s stock market extending losses to 8.5%, its lowest level since October 2023.Fxstreet
Mon, Apr 7
JGB yields hit multi-month lows as US tariffs sow recession fears
TOKYO, April 7 (Reuters) - Japanese government bond yields hit multi-month lows on Monday, as worries about a global recession from aggressive U.S. tariffs drove safe-haven flows to the securities and spurred speculation that the Bank of Japan will need to wait longer before raising interest rates.
Reuters
Mon, Apr 7
Gold price rebounds swiftly from multi-week low; lacks follow-through
Gold price (XAU/USD) stages a goodish intraday bounce from a three-week low, around the $2,972-2,971 region, touched during the Asian session on Monday – and spikes to a fresh daily high, around the $3,055 area in the last hour.
Fxstreet
Mon, Apr 7
Global "Black Monday," U.S. Bonds Shine: How Will the Fed Navigate Between Recession and Rising Inflation?
TradingKey - Donald Trump's newly announced reciprocal tariff plan has taken global markets by surprise, sending the Nasdaq Composite into a technical bear market. At the same time, gold, typically considered a safe-haven asset, has been pushed into the role of a firefighter amid the financial...
No Fed 'put' when it's unclear which way the economy may pivot
WASHINGTON, April 7 (Reuters) - U.S. Federal Reserve Chair Jerome Powell has sent strong messages when he felt they were needed, going on television to pledge maximum support for the economy when the COVID-19 pandemic struck, using a terse 2022 speech for a stern message about inflation, and...Reuters
Mon, Apr 7
WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.30 during the early Asian session on Monday. The WTI price falls to its lowest point since April 2021 amid the fears that US President Donald Trump’s global tariffs would push the United States (US) into a recession.Fxstreet
Mon, Apr 7
Goldman Sachs raises odds of US recession to 45%
SINGAPORE, April 7 (Reuters) - Goldman Sachs has raised the odds of a U.S. recession to 45% in the next 12 months, joining other investment banks in revising their forecast as fears of a trade war grip markets after sweeping tariffs from U.S. President Donald Trump.
Reuters
Mon, Apr 7
Trump's Firm Stance on Tariffs Triggers a "Black Monday"! Nikkei Plummets 9%
TradingKey - The negative impacts of Donald Trump's newly announced tariff policies are escalating rapidly, with global markets appearing to echo the turmoil of the infamous "Black Monday." On Monday, April 7th, during the first half-hour of trading, Japan’s benchmark Nikkei 225 index plunged...Australia dollar dives to five-year low as markets bet on big rate cuts
SYDNEY, April 7 (Reuters) - The Australian dollar dived to five-year lows on Monday, slammed by fears that a tit-for-tat global trade war would send the global economy into a recession, which had some traders bet on outsized rate cuts Down Under.
Reuters
Mon, Apr 7
China's yuan hits 2-1/2-month low as Sino-US trade tensions raise growth fears
SHANGHAI, April 7 (Reuters) - China's yuan slipped to a 2-1/2-month low against the dollar on Monday, dragged down by intensifying trade tensions between the world's two largest economies following tit-for-tat tariffs on each other's goods.
Reuters
Mon, Apr 7
China stocks sink on trade war fears; Hong Kong dives 10%
SHANGHAI, April 7 (Reuters) - Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of a widening global trade war and fears it will unleash a deep recession.Hong Kong's Hang Seng index .HSI slumped more than 10% in morning trade which, if sustained, would...
Japan will ask US to cut tariffs but results won't come 'overnight', PM Ishiba says
Govt will take steps to cushion blow from tariffs, Ishiba saysIshiba says willing to meet Trump again but must ready 'package'Ishiba instructed ministers to be vigilant to market movesBy Leika Kihara TOKYO, April 7 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the gove...Reuters
Mon, Apr 7
Gold plunges to 3-1/2-week low as market sell-off hits bullion
April 7 (Reuters) - Gold prices continued to face turmoil on Monday, and hit their lowest levels in more than three weeks, as a wider market sell-off triggered by U.S. President Donald Trump's tariff measures impacted bullion traders.Reuters
Mon, Apr 7
Japan's Nikkei sinks to 1-1/2-year low, bank index plunges 17%
TOKYO, April 7 (Reuters) - Japan's Nikkei share average tumbled nearly 9% early on Monday, while an index of Japanese bank stocks plunged as much as 17%, as concerns over a tariff-induced global recession continued to rip through markets.Reuters
Mon, Apr 7
Trump, asked about markets, says sometimes you have to 'take medicine'
ABOARD AIR FORCE ONE, April 6 (Reuters) - U.S. President Donald Trump on Sunday said that sometimes you have to take medicine when asked about falling markets, adding that he was not intentionally engineering a market selloff.Reuters
Mon, Apr 7
Oil prices extend losses on fears global trade war could slow economy
TOKYO, April 7 (Reuters) - Oil prices fell more than 3% on Monday, extending losses from the previous week, on growing concerns that a global trade war could slow the global economy and weaken oil demand, following China's retaliation against U.S. President Donald Trump's tariffs.Brent futur...Reuters
Mon, Apr 7
US stock futures tumble indicating another plummet on Wall Street
April 6 (Reuters) - U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration's tariffs announcement last week.Reuters
Mon, Apr 7
GLOBAL MARKETS-Wall St futures, oil dive, markets bay for quick US rate cuts
SYDNEY, April 7 (Reuters) - Asian markets faced more turmoil on Monday as fears of a global trade war saw Wall Street futures plunge, while investors wagered the mounting risk of recession could see U.S. rates cut as early as May.Reuters
Mon, Apr 7
US President Donald Trump says not making a deal with China unless solving trade deficit
US President Donald Trump said on Sunday that unless the China trade deficit is solved, there will be no deal, according to Reuters.US Commerce Secretary Howard Lutnick confirmed on Sunday that the tariffs would not be postponed and the policy will remain in place for days and weeks.Fxstreet
Mon, Apr 7
German industry expects severe hit from Trump tariffs
US is Germany's biggest trading partnerTariffs could cost German economy 200 bln eurosDuties are "unprecedented attack" on free trade, BDI saysBy Christoph Steitz and Rene WagnerFRANKFURT/BERLIN, April 3 (Reuters) - Far-reaching tariffs announced by the U.S. will deal a major blow to Ger...Reuters
Thu, Apr 3