US EditionS&P/TSX composite up more than 100 points, U.S. stocks mixed ahead of tariff day
- On Tuesday, Asian and European stock markets advanced as investors braced for US President Donald Trump's impending tariffs, which he dubbed "Liberation Day" due Wednesday.
- Market unease and fears of a recession in the world's largest economy were stoked by the lack of details surrounding the new round of reciprocal levies expected to be imposed by the White House.
- While the Tokyo stock market closed flat due to heavy selling of car giants Toyota and Honda, other markets such as Hong Kong, Shanghai, Paris, Frankfurt, and London experienced gains, and Vietnam announced it would slash duties on certain goods.
- Ahead of Trump's tariff policy rollout, Kathleen Brooks of XTB stated, "Hopes are that a recovery rally could take hold if Trump's tariff announcements are seen as the final move from the White House in its trade war."
- As global markets prepared for the tariffs, analysts like Joshua Mahony warned of a potential "tit-for-tat trade war" and Jose Torres suggested the impact of "April 2" may be "lighter-than-feared," potentially producing a rally in risk assets.
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S&P/TSX composite up more than 100 points, U.S. stocks mixed ahead of tariff day
TORONTO — Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in the technology, base metal and utility sectors, while U.S. markets also climbed higher. The S&P/TSX composite index was up 146.90 points at 25,064.40. In New York, the Dow Jones industrial average was up 81.46 points at […]
·Toronto, Canada
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News-Topic+3 Reposted by 3 other sources
Stock markets split ahead of Trump tariffs deadline
Wall Street dipped but European and Asian stock markets rose Tuesday as investors waited nervously for a fresh round of global trade tariffs from US President Donald Trump.
·Lenoir, United States
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Total News Sources45
Leaning Left5Leaning Right5Center5Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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