Global Stocks Dive as Trump's Tariffs and Shutdown Fears Loom

Global stocks slid on Friday ahead of a possible U.S. government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of U.S. oil and gas. A key read of U.S. inflation later in the day could also help shape investor expectations for where the Federal Reserve may steer interest rates next year. A spending bill backed by Trump failed in the U.S.

House of Representatives on Thursday as dozens of Republicans defied the president-elect, which investors said highlighted the increased potential for political volatility. Trump, who assumes the U.S. presidency in January, has issued stark warnings to his country’s major trading partners to address their trade surpluses with the United States or be subject to hefty duties on their imports. 'I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas,' Trump said in a post on Truth Social on Friday.Global stocks broadly fell on the day, with shares in Europe down 1%, set for a 3% drop this week, while U.S. stock futures fell 0.7-1.1%, indicating Wall Street was set to open lower. 'With Trump back in the mix there’s every chance we see that (political impasse) extend past the weekend, and possibly even a shutdown, so that will dominate the focus,' Eren Osman, managing director of wealth management at Arbuthnot Latham, said. 'I wouldn’t be going on holiday leaving any big open bets on right now - there’s definitely a propensity for some pretty wild swings in markets.' The cost of buying insurance against a potential U.S. sovereign default rose on Friday, reflecting investor concern about the possibility of a government shutdown this weekend. Credit default swaps (CDS), a derivative that ensures bondholders are paid if an issuer defaults, on six-month U.S

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Global Stocks Pause Amid Trump's Trade ThreatsGlobal stocks paused on Wednesday and currencies were mixed as investors worried over the next potential target for U.S. trade policies under President-elect Donald Trump. The Japanese yen strengthened, while U.S. Treasury yields sank.
Bron: globebusiness - 🏆 31. / 66 Lees verder »

Trump’s return could extend U.S. stocks’ dominance over global rivalsS&P 500 trades at the biggest premium in two decades compared to international stocks
Bron: globeandmail - 🏆 5. / 92 Lees verder »

US Stocks Dive on Fed's Signals of Fewer Rate CutsThe Federal Reserve's indication of fewer interest rate cuts in 2025 than previously anticipated sent US stocks plummeting. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all experienced significant losses.
Bron: SooToday - 🏆 8. / 85 Lees verder »

U.S. Stocks Dive as Fed Signals Fewer Rate Cuts in 2025Stocks tumbled after the Federal Reserve indicated a slower pace of rate cuts in 2025, disappointing investors who had anticipated further stimulus for the economy.
Bron: CP24 - 🏆 30. / 67 Lees verder »

US Stocks Dive on Fed's Rate Cut HintsUS stock markets experienced a significant downturn after the Federal Reserve signaled a potential slowdown in interest rate cuts. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw substantial losses, marking one of the worst days for the market this year. The Fed's decision to cut its main interest rate for the third time in 2024, while continuing the easing trend initiated in September, raised concerns about future rate reductions.
Bron: HuffPostCanada - 🏆 61. / 53 Lees verder »

Toronto stocks rise as healthcare and consumer stocks lead gainsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »