Trump’s Tariff Uncertainty Rattles Markets :

• Despite delaying tariffs on Mexican and Canadian goods until April 2, the US administration remains committed to trade restrictions, fueling concerns about inflation and supply chain disruptions. Treasury Secretary Scott Bessent signaled that tariffs could be permanent.

Bitcoin and Cryptos Take a Hit :

• Bitcoin fell as much as 5.7% before recovering slightly, as details of the US strategic Bitcoin reserve underwhelmed industry expectations. Ether also declined 2.1%.

Bond Markets Show Mixed Signals :

• The 10-year US Treasury yield declined three basis points to 4.25%, indicating some flight to safety. Meanwhile, Germany’s 10-year yield rose four basis points, reflecting diverging investor sentiment.

Oil and Gold React to Market Turbulence :

• Oil prices remained under pressure, heading for their worst weekly decline since October. Meanwhile, gold held steady as investors sought safe-haven assets.

All Eyes on US Jobs Data and Fed Signals :

• The upcoming US nonfarm payrolls report could shape the Federal Reserve’s next move. Fed Governor Christopher Waller suggested that rate cuts could still be on the table, but not in March. Chair Jerome Powell’s speech later today may provide further clues on monetary policy.

What’s Next?

• With heightened geopolitical risks, volatile trade policies, and uncertainty around central bank actions, markets remain fragile.
• The coming weeks will be pivotal in determining whether risk assets find support or face continued downside pressure.