Bonds & Stocks
Stocks dropped around the world, bonds climbed and gold hit another record high, with traders bracing for President Donald Trump’s tariff announcement that’s heightening concerns of a wider trade war as the economy shows signs of slowing. The S&P 500 fell 1%. The Nasdaq 100 slid 1.5%. The Dow Jones Industrial Average fell 0.7%. The yield on 10-year Treasuries slid five basis points to 4.20%.
Economy
Trepidation swept through global markets ahead of US President Donald Trump’s expected trade tariff announcements later this week, pushing investors already on edge over an economic slowdown to de-risk their portfolios and head to safe havens.
World
President Donald Trump said he was "very angry" at Vladimir Putin and threatened "secondary tariffs" on buyers of Russian oil if Putin refuses a ceasefire with Ukraine. Trump maintained pressure on Ukrainian President Volodymyr Zelenskiy to agree to a deal to give the US access to Ukraine's resources, warning that Zelenskiy would have "big, big problems" if he tries to back out of the deal.