Key global stock markets tumbled upon opening on Monday as the world’s reaction to President Donald Trump’s tariffs campaign continued — and as U.S. futures signaled more turmoil for American markets. In the U.S., Dow Jones futures were down about 1,200 points or 3.33% on Monday morning. S&P 500 and NASDAQ futures were down about 3.5%. A drop of 7% on the S&P 500 before 3:35pm ET will trigger a market-wide circuit breaker that will halt trading for 15 minutes. A currency trader reacts at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on April 7, 2025. Ahn Young-joon/AP Hong Kong leads Asian slide Tokyo’s Nikkei 225 index lost nearly 9% shortly after the market opened on Monday, the steep decline triggering a
Tag Archives: GlobalEconomy
Mar
The US dollar’s dominance as the world’s ulitmate safe-haven currency is being “shaken and severely tested,” warns the CEO of global financial advisory giant, deVere Group. Nigel Green says that President Trump’s erratic policy decisions—tariffs, geopolitical clashes, aggressive deportations, and radical interventions with Musk’s Department of Government Efficiency—are accelerating the global shift away from the dollar. Investors are scrambling for alternatives, and the consequences could become permanent. “The dollar has long been the anchor of global finance, but Trump’s actions are eroding confidence at a stunning pace. The world is watching the US turn inward with protectionism, trade wars, and erratic diplomacy. “The market response is already in motion. The dollar has slumped to a four-month low, despite Trump’s rhetoric that tariffs would ‘make America stronger.’ “Instead, the world is
Jan
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. But it said a threatened wave of tariffs by incoming US president Trump could make trade tensions worse, lower investment, and disrupt supply chains across the world. The IMF also said although tariffs, tax cuts and deregulation could boost the US economy in the short term, they could ultimately backfire.The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution