Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

Dow Jones Tumbles: Wall Street Indexes Slide, Dow Hits One-Month Lows, Down 1.4%

Wall Street's main indexes plummeted today, with the Dow hitting a one-month low, down 1.4%. New U.S. tariffs, disappointing Amazon earnings, and a weaker jobs report fueled investor caution. The S&P 500 and Nasdaq also reached over two-month lows, and the "fear gauge" volatility index surged. Tech and consumer discretionary stocks led the decline.

01-08-2025 15:34 GMT by Zain Vawda

Canada's GDP contracts, US nonfarm payrolls misses forecast

Canada's GDP for May showed a 0.1% decline, identical to the April release. June is expected to be better, with a market estimate of 0.1%. US nonfarm payrolls was much lower than expected at 73 thousand, compared to the market estimate 106 thousand. Still, this was better than the May report of a revised 14 thousand.

01-08-2025 10:25 GMT by Kenneth Fisher