The trade war is about to ramp up. A guide for tariff week.
- U.S. Stocks fell sharply, with the Dow Jones dropping 715.80 points, reflecting concerns about consumer sentiment and inflation data.
- The core personal consumption expenditures price index rose 0.4%, marking the largest gain since January 2024, and pushing the annual inflation rate to 2.8%, reported by the Federal Reserve.
- Consumer sentiment plunged 12% this month, according to the University of Michigan's latest survey, raising market anxiety amid rising inflation.
- Treasury yields fell as investors sought safer assets, while Wall Street's fear gauge, the Cboe Volatility Index, surged 15.84%, indicating heightened market fears.
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Regional shares sink as trade war worries mount
REC Asian stocks slid yesterday with heavy selling in South Korea and Japan, while safe-haven gold traded at a record high as the latest tariff salvo from US President Donald Trump stoked investor worries of an all-out trade war.
·Bangkok, Thailand
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Total News Sources9
Leaning Left4Leaning Right3Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
13%
R 38%
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