Equities retreat after Trump tariffs - 3.4.2025

Senior Analytical Expert

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Todays’ Market Summary

The Dollar weakening has accelerated
The US stock index futures are deep in red currently
Brent is retreating presently.
Gold prices are retracing lower

Top daily news

Global equity indexes are trading mostly down currently ahead of US unemployment claims report at 14:30 CET today after US stocks closed higher on Wednesday before US President Donald Trump’s sweeping tariff announcements. Tesla shares surged 5.74% outperforming market after reports that president Trump has told members of his Cabinet and other close contacts that his ally Elon Musk, CEO of the electric vehicle maker, will soon step back from his government role, Meta shares slid 0.35% on Wednesday as Bank of America reiterated its “Buy” rating on Meta stock and maintained the $765 target price.

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Forex news

Currency Pair	Change
EUR/USD	+0.7%
GBP/USD	+0.6%
USD/JPY	-0.8%
AUD/USD	+0.6%

The Dollar weakening has accelerated today. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 0.4% lower on Wednesday.

EUR/USD joined GBP/USD’s accelerated climbing yesterday. Both Pound and euro are higher against the dollar currently. AUD/USD joined USD/JPY accelerated retreating on Wednesday with both the yen and the Australian dollar higher against the Greenback currently.

Stock Market news

Indices	Change
DJIA	-2.4%
Japan 225	-0.3%
Hang Seng	-1.2%
Australia 200	-1.6%

The US stock index futures are deep in red currently ahead of unemployment benefits report at 14:30 CET. US stocks ended higher on Wednesday with the three main US stock benchmarks recording daily gains in a range from 0.6% to 0.9% before president Trump announced a 10 per cent baseline tariff on all imports to the US and higher duties on some of the country’s biggest trading partners.

European stock indexes are down currently after closing lower yesterday led by healthcare stocks. Asian stock indexes futures are falling currently with Australia’s S&P/ASX 200 All Ordinaries index leading losses as data showed that Australia’s trade surplus sank to a more than four-year low in February as exports fell sharply.

Commodity Market news

Commodities	Change
Brent	-0.4%
Light Weight Crude Oil	-0.4%

Brent is retreating presently. Prices rose on Wednesday despite the Energy Information Administration (EIA) report US crude oil stock increased by above expected 6.2 million barrels as petroleum inventories rose also. The US oil benchmark West Texas Intermediate (WTI) futures gained 0.7% but are lower currently. Brent crude rose 0.6% to $74.95 a barrel on Wednesday.