Wall Street Hesitation Amid Trade Tensions and Fed Expectations
Wall Street indexes fell slightly while European stocks gained as traders awaited major corporate earnings and a Federal Reserve policy decision. The U.S.-EU trade deal shifted economic expectations, with tariffs affecting markets. Currency and commodity fluctuations highlighted global trade uncertainties, while oil and gold prices responded to geopolitical tensions.
Wall Street indexes experienced modest declines while European equities posted gains. The shifts occurred as U.S. investors anticipated earnings reports from top tech companies and a crucial policy decision from the Federal Reserve, scheduled for Wednesday.
The dollar advanced against major world currencies, with the euro hitting a one-month low due to concerns about the U.S.-EU trade deal, which seemingly favored the United States. This agreement resulted in new tariffs impacting EU imports, stirring economic uncertainty.
Meanwhile, commodity prices, such as oil and gold, fluctuated in response to geopolitical tensions, including a new deadline from President Trump regarding Russia's actions in Ukraine. Markets also focused on upcoming U.S.-China negotiations and clarification on interest rates.
(With inputs from agencies.)
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