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Morning Bid: Back to white-knuckle ride in the markets
  • April 10, 2025

Morning Bid: Back to white-knuckle ride in the markets

Fears of a sharp downturn in the global economy have sent markets convulsing once more, with action focused on currencies and bonds as the escalating U.S.-China trade war has investors throwing out the usual playbook and fleeing dollar-based assets. Stock futures in Europe were pointing to a subdued open but the Swiss franc reached a 10-year high and the yen was its strongest in six months. Gold prices resumed their march to successive record highs and the euro rose to levels not seen since February 2022.

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Stocks, dollar slip, bonds pummelled again as trade war roils markets
  • April 10, 2025

Stocks, dollar slip, bonds pummelled again as trade war roils markets

SINGAPORE (Reuters) -Global stocks fell and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.S. assets. The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump's move to temporarily lower tariffs on many countries. The selloff in U.S. Treasuries picked up pace during Asian hours, with the 10-year note yield rising to 4.45%, gaining about 45 basis points in the week, the biggest increase since 2001, LSEG data showed.

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Columbia Sportswear, Under Armour, Carter's, Disney, and Warner Bros. Discovery Stocks Trade Down, What You Need To Know
  • April 10, 2025

Columbia Sportswear, Under Armour, Carter's, Disney, and Warner Bros. Discovery Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.

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