-
Asian stocks stumble as global outlook clouds with Hong Kong tech stocks sliding around 3% after a recent rally and HK.cash 1.6% lower. A broader index of Chinese stocks headed for its steepest two-day drop since November, while shares in Indonesia and Taiwan also fell. Japanese stocks edged higher, and US futures remained largely steady.
-
Global markets brace for Trump tariffs set to come into force on April 2. The US President confirmed both broad reciprocal tariffs and additional sector-specific tariffs will be implemented, injecting "a wave of uncertainty" into markets according to Principal Asset Management.
-
Corporate earnings signal economic headwinds as FedEx slashed its profit outlook citing higher costs and weakening demand. Nike also pointed to tariffs and geopolitical tensions impacting earnings, while PDD Holdings acknowledged growing global uncertainty despite beating expectations.
-
Central bank signals create more questions than answers after policy meetings by the Federal Reserve, Bank of Japan and Bank of England. All three pointed to tariffs as obscuring economic outlooks, worsening investor sentiment that markets are "flying blind" into April 2.
-
EU delays whiskey tariff on American imports and signals readiness to talk with Trump before making further decisions on retaliatory measures, according to Ireland's deputy prime minister.
-
Trump repeats calls for Fed rate cuts in social media posts claiming egg and gasoline prices have fallen. Fed Chair Powell indicated the central bank is "not going to be in any hurry to move" amid tariff uncertainties, maintaining projections of two quarter-point cuts this year.
-
OPEC+ announces new cut plan for seven members to reduce output further to compensate for overproduction. The plan represents monthly cuts between 189,000-435,000 bpd until June 2026.
-
Dollar strengthens against major currencies with the dollar index rising 0.21% to 104.01 after strengthening 0.36% on Thursday. The euro slipped 0.18% to $1.0831, while USD/JPY rose 0.42% to 149.40 despite stronger Japanese inflation data.
-
Gold retreats from record highs falling 0.5% to $3,029.61/oz under pressure from a stronger dollar, though prices remained above the $3,000 milestone as safe haven demand persists.
-
Oil prices climb on supply concerns with Brent up 0.3% to $71.75 and WTI rising 0.4% to $68.38, heading for second consecutive weekly gains of about 2% each.
-
Germany to vote on economic growth package with the Bundesrat expected to approve a 500 billion euro fund for infrastructure and defense spending. The vote is the final hurdle before the legislation is signed into law.
-
Bitcoin edges lower falling 1.7% to $84,424.5 as broader crypto prices retreat amid economic uncertainty. XRP shows relative strength after the SEC dropped its case against Ripple.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
