19/02/2025 Evening Reports
Global Markets Falter as Trump's Tariff Threats Spur Trade War Fears
- Global equities paused their rally and bonds extended their decline after President Trump announced potential tariffs—up to 25%—on key imports like automobiles, semiconductors, and pharmaceuticals, raising concerns about an escalating trade war.
- US markets were mixed, with S&P 500 futures down 0.2% following record highs, while a slew of disappointing earnings from companies like Arista Networks, Occidental Petroleum, Celanese, and Bumble dented sentiment.
- In Europe, the Stoxx 600 fell 0.7% as hopes for US-Russia peace talks were dampened by the exclusion of Ukrainian and European officials.
- Additionally, looming political uncertainty in Germany added to market jitters.
- Traders now await Fed meeting minutes and further economic data to gauge the outlook for monetary policy amid fears that Trump’s protectionist measures could disrupt global growth and fuel inflation.
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