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us market turmoil drives global investment shifts amid recession fears
Turmoil in the US stock market is driving investors to global equities, with emerging markets outperforming amid recession fears. However, analysts warn that a US economic slowdown could negatively impact global markets, as tighter financial conditions may spill over if the US faces a recession. The recent selloff has led to significant gains in European and Chinese markets, bolstered by fiscal measures and technological advancements.
trade tensions escalate as us implements new tariffs on mexico canada and china
Markets brace for renewed volatility as President Trump implements tariffs of 25% on imports from Mexico and Canada, and 10% on China, prompting immediate retaliatory measures. The potential for a prolonged trade war raises recession risks for Canada and Mexico, while US equities may face correction territory amid economic data releases. The US dollar is expected to strengthen, with gold remaining a hedge against geopolitical tensions.
Trump's policy priorities ease trade tensions and boost Asian markets
President Trump's initial focus on immigration and energy policies has eased immediate concerns over tariffs, providing a temporary boost to global markets. The US dollar has weakened amid uncertainty, while the Hang Seng Index shows potential for recovery if key support levels hold.
global stock markets face corrections as key indices test support levels
Global stock markets are currently in correction mode, with the DAX testing a crucial support zone around 19,700 points. The Nasdaq is also under pressure, relying on its 50-day moving average at 21,014 points to maintain stability. Meanwhile, the Nikkei remains in an uptrend but awaits a breakout above 40,286 points, while Chinese equities continue to struggle, targeting the 61.8% Fibonacci level at 19,131 points.
Asia Markets Poised for Gains as Japan Reports Strong Household Spending Data
Asia-Pacific markets are poised for a higher open, diverging from Wall Street's decline, as investors digest Japan's household spending data. In October, spending rose 2.9% month-on-month, surpassing expectations, while year-over-year spending fell 1.3%, also better than anticipated. Japan's Nikkei 225 futures indicate a positive start, while Australia's S&P/ASX 200 opened lower.
Asian Markets Brace for Volatility Amid US Tariff Threats and Labour Data
Asian markets opened quietly, with modest gains in major indices amid fresh US tariff threats targeting BRICS nations. Investors are focused on upcoming US labor data, anticipating a rebound in job additions but a slight rise in the unemployment rate. China's mixed PMI data reflects some success from stimulus measures, yet ongoing tariff uncertainties may limit risk-taking. The Hang Seng Index is stabilizing but remains within a falling wedge pattern, with a critical level at 20,000 to watch for potential buyer control.