Stocks across Asia and Europe have started the week on a slump, just days before Trump’s reciprocal tariffs take effect.
Global stock markets are down, days before President Trump’s reciprocal tariffs and the recently announced duties on auto imports take effect.
Indexes across Asia and Europe have started the week in a slump, while Dow, Nasdaq and S&P 500 futures—contracts allowing investors to speculate on the future value of the major indexes—continued to slide over the weekend following Friday’s sell-offs.
After markets opened on Monday, the S&P 500 and Nasdaq composite were down—0.7 percent and 1.7 percent, respectively—while the Dow Jones Industrial Average was up 0.1 percent in early trades.Why It Matters
Markets have continued to react negatively to the Trump administration’s regular announcements of new tariffs, indicating investors’ anticipation that their introduction could create more challenging conditions for business and trading once implemented, at least in the short term.
In addition to their direct effects, which economists have warned could increase the likelihood of a recession in 2025, there are additional concerns about the impacts of America’s trading partners’ responding with their punitive trade measures.What To Know
China’s main stock indexes—the CSI 300 and the MSCI China—fell on Monday, with similar gloomy sentiment gripping Asian markets.
