Global Markets Sway Amid Unexpected U.S. Jobs Data and Tariff Surprises
MSCI's global equities index plummeted amid weaker U.S. jobs data, sparking economic concerns and boosting rate cut expectations. Trump's tariff announcements added further pressure. The dollar and U.S. Treasury yields tumbled as the Federal Reserve's leadership saw changes. Wall Street faced significant declines, while oil prices dipped and gold soared.
In a turbulent session, global equity markets witnessed sharp declines as the MSCI's index suffered significant losses triggered by underwhelming U.S. employment data.
The revelation of only 73,000 new nonfarm payroll jobs, far below predictions, stoked fears of an economic downturn and heightened expectations for imminent interest rate cuts.
Amid this, the dollar and U.S. Treasury yields fell, compounded by recent personnel shifts at the Federal Reserve and President Trump's sweeping tariff impositions, elevating market anxiety.
(With inputs from agencies.)
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