Global markets plunged on Monday as Trump’s tariffs on Canada, Mexico, and China rattled investors, fueling fears of a trade war. A last-minute pause on Mexico’s tariffs helped limit losses, while gold hit a record high and U.S. factory activity returned to growth.
Wall Street drop: The S&P 500 fell 0.38%, while the Dow Jones recovered slightly, closing 0.01% higher.
Tech sector hit: The Nasdaq Composite lost 0.72%, reflecting broader weakness in technology stocks.
Europe’s worst session of 2025: The STOXX 600 plunged 0.87%, while the FTSEurofirst 300 dropped 0.81%.
Asia tumbles: Japan’s Nikkei 225 fell 2.66%, while the MSCI Asia-Pacific index slid 2.04%.
Gold soared to an all-time high of $2,819.50 per ounce, as investors sought safe-haven assets.
Dollar’s mixed performance: After an initial rise, the dollar index fell 0.51%, while the Mexican peso strengthened 1.14% following the tariff pause.
Euro slides: The euro dropped 0.73% to $1.0286, while the Canadian dollar weakened 0.22% against the U.S. dollar.
Crude oil gains: After initial losses, Brent crude rose 0.38% to $75.96 per barrel, while U.S. crude climbed 0.87% to $73.16 per barrel.
₿ Crypto declines: Bitcoin fell 0.91% to $101,215, while Ethereum plunged 17.13% to $2,749.05, extending a broader sell-off in digital assets.
📈 Manufacturing returns to growth: U.S. factory activity expanded for the first time since October 2022, signaling stronger industrial demand.
🔍 Federal Reserve impact: Analysts warn the data may delay rate cuts, as a stronger economy could fuel inflation concerns.
Police and ambulance crews are responding to reports of a collision involving two trains in the south east of England. Multiple people have been inju...
Israel and Hezbollah have agreed to a ceasefire, a senior U.S. official has said. Hezbollah has released a statement saying Israel must leave souther...
Georgian Prime Minister Irakli Kobakhidze arrived in Dushanbe on 19 June 2026 for the first official visit by a Georgian head of government to Tajikis...
Pakistan and Iran are accelerating efforts to transform their shared border from a historically volatile frontier into a hub for trade and investment,...
A war of words has erupted between Italy’s Prime Minister Giorgia Meloni and Donald Trump after the U.S. President told Italian media that Meloni ...
More than 100 Chinese companies approved for inclusion on the United States' most powerful trade restriction list have not yet been formally added, as Washington has decided, for now, not to proceed, according to a report by Reuters.
Uzbekistan unveiled an ambitious investment and reform agenda at the Fifth Tashkent International Investment Forum, bringing together more than 8,300 participants from 100 countries, including heads of state, government officials, global corporations and international financial institutions.
More than 8,300 participants from 100 countries have gathered in Uzbekistan's capital for the fifth Tashkent International Investment Forum (TIIF-2026), bringing together investors, policymakers and business leaders from around the world.
China's factories are busy and exports are booming. But ordinary Chinese consumers are not spending, and the latest figures suggest the situation is worsening rather than improving.
Police and ambulance crews are responding to reports of a collision involving two trains in the south east of England. Multiple people have been injured in the incident, UK media has reported.
U.S. President Donald Trump sought a deal with Iran "out of deperation," Iranian Supreme Leader Mojtaba Khamenei has said, in a statement on social media. Khamenei added that he himself "held a different view," to Trump, but allowed the agreement after receiving assurances from Iran's President.
Israel and Hezbollah have agreed to a ceasefire, a senior U.S. official has said. Hezbollah has released a statement saying Israel must leave southern Lebanon. Israel has said it agrees to the ceasefire, but has said its armed forces won't leave Lebanon and will resume hostilities if attacked.
Jorge Messi, the father of football star Lionel Messi, is under medical supervision and is "progressing favourably" while recovering from an undisclosed health condition, according to a family statement.
European Union leaders agreed on Thursday to extend sanctions against Russia over its ongoing war in Ukraine for a further 12 months, marking the first time the restrictive measures have been renewed on an annual basis rather than the previous six-month cycle.
Media leaders from across Europe gathered in Vienna this week for the annual European Publishing Congress.
Amazon founder Jeff Bezos has said artificial intelligence will ultimately lead to labour shortages rather than widespread unemployment, pushing back against growing fears that AI will replace human workers.
French department store BHV and online fast-fashion retailer Shein have ended their partnership, seven months after the launch of a permanent Shein shop in Paris triggered controversy and widespread criticism.
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, signaling further weakness in the world’s second-largest economy.
Macao opened the 17th International Infrastructure Investment and Construction Forum on Thursday, with officials and industry leaders highlighting the role of green and digital technologies in strengthening global infrastructure connectivity.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment