Global Markets Tumble as Trump's 'Liberation Day' Trade Policy Looms
Stock markets worldwide face turbulence as investors brace for Trump's imminent 'Liberation Day' trade policy changes, with major indices recording significant losses. Safe-haven assets surge while Goldman Sachs raises recession probability to 35% amid concerns over planned reciprocal tariffs.
Market Turmoil: Dow Suffers Worst Single-Day Drop of 2025 as Trump Tariff Fears Mount
Wall Street experienced a dramatic selloff with the Dow plunging 748 points amid concerns over proposed Trump administration tariffs and worrying economic data. Consumer sentiment hit lows while inflation expectations reached a 28-year high, driving investors toward defensive sectors.
European Markets Rally to Start 2025, Led by Energy Sector Surge
European stocks kicked off 2025 with the STOXX 600 climbing 0.6%, driven by a 2.3% surge in energy stocks following rising crude oil prices. The positive start comes despite mixed market sentiment and previous quarterly declines, as investors closely monitor U.S. economic indicators.