- Following yesterday’s session on Wall Street, during which indices erased earlier gains, today we’re witnessing a renewed sell-off in the U.S. stock market. The declines are mainly driven by fears of an escalating trade war, coupled with a lack of visible progress in talks between the United States and its allies on easing tariff policies.
- Nvidia shares fell by more than 6% after the U.S. market closed, in response to new export restrictions targeting China. Futures on the US500 are down 1.5%, while the US100 has dropped over 2%.
- Hong Kong has decided to suspend postal service to the United States. Under a new executive order, President Trump imposed a steep 245% tariff on imports of medical syringes and needles from China, citing excessive dependence on Chinese manufacturing.
- European index futures point to a lower open for markets across the continent, with the EU50 down nearly 1.5%. Dutch semiconductor giant ASML warned that the trade war could significantly affect its financial results in 2025 and 2026.
- Oil is down nearly 1.5%, retreating to around $60 per barrel, while natural gas (NATGAS) is down 1%. Among agricultural commodities, wheat and corn on the CBOT are gaining nearly 1.5%.
- Gold is climbing almost 3%, approaching $3,300 amid growing concerns about a prolonged U.S.-China trade war. Silver is trading 0.5% higher.
- In Japan, JP225 loses almost 2% and 30-year bonds rebounded as treasuries market volatility subsided. BoJ's Ueda hinted at a policy response to higher US tariffs. A slowing economy may limit the BoJ's plans to gradually rise interest rates.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
