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.
Walgreens Boots Alliance is going private after Sycamore Partners sealed a $10 billion deal, ending nearly a century on public markets. Struggling with competition and changing consumer habits, Walgreens aims to reinvent itself away from the pressures of being publicly traded.
TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
RBI cuts repo rate to 6.25% for the first time in nearly five years to support growth amid cooling inflation. Markets react mildly as economists foresee further easing ahead.
AnewZ's Editor-in-Chief Guy Shone's new show brings you the companies, the leaders, and the innovations that drive businesses forward.
Major currencies remained jittery on Friday as markets considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea.
South Korea’s acting President Choi Sang-mok said Monday the government will seek consultations with the U.S. on shipbuilding and energy cooperation, as economic ties remain a priority.
U.S. President Donald Trump said Sunday he expects positive outcomes from upcoming U.S.-Ukraine talks in Saudi Arabia, signaling a possible shift in Washington’s approach to Kyiv.
European arms imports jumped 155% from 2020-24, with Ukraine emerging as the world’s largest arms importer, according to a Stockholm International Peace Research Institute (SIPRI) report released Monday. The surge follows Russia’s 2022 invasion, which has reshaped global defence markets.
Former central banker Mark Carney has won the race to lead Canada’s ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday. His leadership begins at a critical time, with looming elections and rising trade tensions with the U.S.
North Korea’s Foreign Ministry has condemned upcoming U.S.-South Korea military exercises as a "dangerous provocative act," warning they could trigger conflict, state media KCNA reported on Monday.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, will chair the 20th EU-Central Asia Ministerial meeting hosted this year by Turkmenistan, in Ashgabat, on 4 March.
Heavy rainfall in northwestern Peru has caused a river to overflow, destroying infrastructure, flooding agricultural lands, and affecting at least 150 families in Tumbes province.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
Canada has blocked imports from the largest U.S. pork processing facility operated by Smithfield Foods, the company said on Friday.
The UK has lifted asset freezes on 24 Syrian entities, underscoring its commitment to help Syrians rebuild their country and economy
TotalEnergies has started building Iraq’s largest solar power plant in Basra as part of a $27 billion energy deal. The 1,000MW project will boost renewable energy and reduce gas flaring.
The State Oil Fund of the Azerbaijan Republic (SOFAZ) will continue buying gold in 2025, aiming to increase its assets to 170 tonnes by April-May.
The National Bank of Kazakhstan has raised the key interest rate by 1.25 percentage points today, from 15.25% to 16.5%, according to the financial regulator.
South Korea’s acting President Choi Sang-mok said Monday the government will seek consultations with the U.S. on shipbuilding and energy cooperation, as economic ties remain a priority.
U.S. President Donald Trump said Sunday he expects positive outcomes from upcoming U.S.-Ukraine talks in Saudi Arabia, signaling a possible shift in Washington’s approach to Kyiv.
European arms imports jumped 155% from 2020-24, with Ukraine emerging as the world’s largest arms importer, according to a Stockholm International Peace Research Institute (SIPRI) report released Monday. The surge follows Russia’s 2022 invasion, which has reshaped global defence markets.
Former central banker Mark Carney has won the race to lead Canada’s ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday. His leadership begins at a critical time, with looming elections and rising trade tensions with the U.S.
North Korea’s Foreign Ministry has condemned upcoming U.S.-South Korea military exercises as a "dangerous provocative act," warning they could trigger conflict, state media KCNA reported on Monday.
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