Stocks mixed after Trump set 25% tariffs - 4.3.2025

Senior Analytical Expert

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Todays’ Market Summary

The Dollar weakening is intact
Futures on three main US stock indexes are up
Brent is extending losses currently.
Gold prices are extending gains currently

Top daily news

Global equity indexes are pointing in opposite directions currently after Wall Street closed sharply lower on Monday as president Trump announced the start of 25% tariffs on Canada and Mexico with reciprocal tariffs starting April 2. Apple shares lost 1.58%, Nvidia shares plunged 8.69% underperforming market on Monday driving the market capitalization of the Al leader to $2.79 trillion as it shed another $265 billion in valuation on back of rising concerns that some of Nvidia’s sophisticated systems and full computers surrounding the chips could be affected by Trump’s 25% duties on imports from Mexico and Canada as they are manufactured in other regions, including Mexico and the US.

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Forex news

Currency Pair	Change
EUR/USD	+0.1%
GBP/USD	-0.1%
USD/JPY	-0.2%
AUD/USD	-0.2%

The Dollar weakening is intact currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 0.97% lower on Monday.

Both EUR/USD and GBP/USD reversed their sliding yesterday while data showed euro zone inflation dipped to 2.4% in February, slightly above expectations. Euro is higher against the dollar currently while Pound is lower. USD/JPY reversed its advancing while AUD/USD reversed its sliding on Monday with the yen higher against the Greenback currently and Australian dollar lower.

Stock Market news

Indices	Change
DJI	+0.1%
NIKKEI	-1.1%
HK50	+0.1%
AU200	-0.1%

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury down at 4.153%. US stock market ended sharply lower on Monday with the three main stock benchmarks recording daily losses in the range from –2.6% to -1.48% as the ISM survey showed manufacturing PMI slipped to 50.3 in February from 50.9 in January.

European stock indexes futures are down currently after indexes closed higher on Monday led by defense stocks as EU Commission President Ursula von der Leyen said “we need a massive surge in defense” and that the bloc’s 27 member states would be given details about the so-called rearm Europe plan today. Asian indexes futures are mostly retreating today after paring initial steep losses following confirmation of US tariffs on Canada, Mexico and China that triggered reciprocal tariffs from Ottawa and Beijing, with Japan’s Nikkei leading losses.

Commodity Market news

Commodities	Change
#C-BRENT	-0.2%
OIL	-0.2%

Brent is extending losses currently. Oil prices ended sharply lower yesterday after the Organization of the Petroleum Exporting Countries (OPEC) and allies like Russia, known as OPEC+, decided to proceed with a planned April oil output increase. US West Texas Intermediate WTI futures fell 2% and are lower currently. Brent lost 1.6% to $71.62 a barrel on Monday.