European stock futures struggled in early trading on Monday, reflecting growing concerns about the potential economic impact of President Trump’s trade policies.
European Markets Face Decline
Eurostoxx futures dropped by 1.1%, while Germany’s DAX futures fell by 1.0%, and UK FTSE futures declined by 0.6%. These moves signal a bearish outlook for European markets as the global trade war fears escalate ahead of key tariff decisions from the US.
Global Concerns as Trump Tariffs Loom
The risk mood is dampened as investors anxiously await the potential impact of President Trump’s upcoming tariffs, set to be announced on April 2. With S&P 500 futures down by 0.8%, traders are grappling with uncertainty about whether these tariffs could push the global economy into a recession.
USD/JPY and Gold React to Market Tensions
As risk aversion grows, the USD/JPY exchange rate also saw a dip, falling by 0.5% to 149.07. Meanwhile, safe-haven assets like gold are benefiting from the turmoil, surging to a fresh record high of $3,121.
The Road Ahead for Markets
As the April 2 tariff deadline approaches, all eyes will remain on how global markets react to the escalating trade tensions and what impact the new tariffs will have on economic growth and market stability.
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