Global markets fell this week after US President Donald Trump threatened tariffs on several European countries over his Greenland plans. Investors became cautious, pulling back from stocks and turning to safer assets like gold and silver.
In Asia, major stock markets dropped around 0.5%, while US S&P 500, Dow Jones, and Nasdaq futures were all pointing to lower openings. The declines came amid uncertainty as the US observed the Martin Luther King Jr. holiday, limiting regular trading.
European markets also fell sharply, with France’s CAC 40 and Germany’s DAX among the hardest hit. Traders worried about possible import tariffs on European goods, which could hurt trade and corporate profits.
Bond markets reacted too. US Treasury prices fell slightly, pushing yields higher. Japanese long-term bonds also saw small increases in yields, reflecting the global ripple of the tariff news.
The US dollar strengthened against most currencies, while safe-haven assets like gold and silver rose to record levels before slightly easing. This showed that investors were seeking security amid growing trade uncertainties.
Experts said the tariff threats come at a sensitive time, with markets already balancing central bank policies, corporate earnings, and other global tensions. Potential retaliation from Europe could further affect trade and investor confidence.
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