Market Update

In a striking revelation, Federal Reserve Bank of Chicago President Austan Goolsbee sounded the alarm on Tuesday about the unexpectedly massive scale of U.S. tariffs, a development that could spell trouble for American importers with limited alternatives. Goolsbee emphasized that these tariffs, far exceeding what most market observers had predicted, …

On April 8, 2025, the White House rolled out a significant escalation in its trade policy, announcing that a staggering 104% tariff on Chinese imports took effect at noon Eastern Time. White House Press Secretary Karoline Leavitt revealed the measure as a direct counterstrike to China’s imposition of 34% duties …

A potential escalation of the trade war could plunge the U.S. and global economies into a recession this year, according to warnings from several major Wall Street banks, a move that might further dampen demand for stocks. Despite these ominous predictions, global stock markets defied the gloom with a robust …

The Pound Sterling staged a modest comeback against the US Dollar on Tuesday, April 8, 2025, climbing 0.34% to trade at 1.2756. This recovery follows a dip to daily lows near 1.2700, fueled by renewed optimism that tariffs might pave the way for fresh trade deals. US President Donald Trump …

Tensions between the world’s two largest economies deepened on Tuesday as the United States branded China’s retaliatory tariffs a “big mistake”, further inflaming an already volatile global trade landscape. Despite a slight rebound in financial markets following days of heavy losses, the broader outlook remained fraught with uncertainty as tit-for-tat …

Bitcoin prices climbed on Tuesday, extending a rebound from recent five-month lows as dip-buying emerged in the world’s largest cryptocurrency. However, market sentiment remained fragile due to escalating trade tensions sparked by U.S. President Donald Trump’s sweeping tariff measures. By 01:19 ET (05:19 GMT), Bitcoin rose 3.6% to $79,673.5, after …

Russia’s budget deficit narrowed to 1% of GDP in the first quarter of 2025, equivalent to 2.17 trillion roubles ($25.5 billion), according to a statement released by the Finance Ministry on Tuesday. This marks an improvement from the 1.3% of GDP reported in the first two months of the year. …

European shares rose modestly on Tuesday, bouncing back from a sharp four-day selloff that pushed markets to 14-month lows. While the rebound brought some relief, investor sentiment remained highly sensitive to ongoing developments in the global trade conflict sparked by U.S. President Donald Trump’s sweeping tariff policy. As of 07:48 …

Oil prices edged higher on Tuesday, rebounding more than 1% following a sharp selloff that pushed crude to near four-year lows. The recovery was supported by a modest bounce in global equity markets, though analysts caution that downside risks remain due to escalating U.S.-China trade tensions and fears of a …

While lower fuel prices might offer a fleeting sense of relief at the pump, the recent decline in oil prices carries a potentially ominous message for the broader economy. A simplistic view once held that cheaper oil universally benefited the United States, translating to greater consumer spending and reduced business …