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Consumer confidence in the United States has slumped to its weakest level in over ten years, undercut by escalating trade tensions and growing fears of inflation and job losses. The latest survey from the University of Michigan, released Friday, revealed that its closely watched consumer sentiment index dropped to 50.8 in April from 57 the… Continue reading US consumer sentiment plunges to lowest level in over a decade as trade tensions escalate

European stock markets opened with modest gains in early trade on Friday, as a turbulent week for shares neared its end. While positive momentum was present, underlying concerns about an escalating trade war between the US and China persisted, capping overall enthusiasm. The pan-European Stoxx 600 index opened up 0.4%, with the UK’s FTSE 100… Continue reading Europe market open: stocks inch up as trade war fears linger

Asian-Pacific markets tumbled on Friday, with Japan taking the brunt of the selling pressure, as Wall Street experienced renewed losses overnight. The renewed risk-off sentiment stems from escalating trade war tensions between the world’s two largest economies, offsetting earlier optimism following a brief tariff reprieve. Australia’s S&P/ASX 200 fell 2.28%, reflecting the widespread nature of… Continue reading Asian markets open: Nikkei leads Asian stock rout as Trump tariffs trigger trade war worries

Indian equity markets are expected to open on a strong note on Friday, with GIFT Nifty futures trading 467 points higher at 22,954, pointing towards a significant gap-up opening for benchmark indices. However, traders should brace for potential volatility as global sentiment remains fragile amid escalating US-China trade tensions and mixed signals from global markets.… Continue reading Indian markets open: Nifty & Sensex poised for strong start, but trade war shadows remain

European equities rebounded sharply on Thursday after US President Donald Trump announced a temporary pause in full reciprocal tariffs on most trade partners, offering a brief reprieve amid ongoing trade tensions. However, US markets failed to sustain their momentum from the previous session and fell back into negative territory. Best day in years for European… Continue reading European stocks register best day in years: DAX up over 4%, FTSE jumps 3%

Stocks declined on Thursday, reversing half of the previous session’s historic gains, as investors responded to US President Donald Trump’s 90-day reprieve on some “reciprocal” tariffs with concern that economic activity will still be slowed by the higher rates imposed on China. At the time of writing, the Dow Jones Industrial Average slipped by more… Continue reading Dow slips 1,700 points, while S&P sheds Wednesday’s gains; big tech, bank stocks see steep declines

Wall Street may have finally broken through Donald Trump’s hard stance on tariffs. After a week of escalating fears about a potential economic crisis, two of the biggest names in finance — Jamie Dimon and Bill Ackman — appear to have played pivotal roles in persuading 12:37 PM · Apr 9, 2025 4 Reply Copy… Continue reading Did Jamie Dimon and Bill Ackman influence Trump’s tariff pause?

In a defining moment for the luxury fashion world, Prada announced on Thursday that it will acquire Versace for 1.25 billion euros ($1.38 billion) from New York-based Capri Holdings. This is the biggest luxury deal of the year, bringing a dramatic conclusion to Capri’s ambitious yet troubled quest to build an American fashion powerhouse to… Continue reading Prada acquires Versace in €1.25 billion deal: what it could mean for Capri Holdings’ stock as share price falls

Donald Trump is under fire for possible market manipulation after a social media post urging investors to buy stocks preceded a sudden reversal on trade tariffs, which sent markets soaring worldwide. On Wednesday morning, just after US markets opened, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!!… Continue reading Trump’s ‘great time to buy’ post sparks market manipulation claims: calls for probe grow