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Trump tariffs spark turmoil in global markets

Trump’s tariffs spark fears of US recession, causing global markets to plunge, with ASX200 down $38bn.

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Trump’s tariffs spark fears of US recession, causing global markets to plunge, with ASX200 down $38bn.

In Short

Global markets are in turmoil due to US President Trump’s tariff policy, causing significant losses and heightened recession fears.

Concerns about escalating trade tensions and their impact on the global economy are growing, with experts warning of potential long-term effects on markets and Australian exports.

Global markets are in turmoil following a report on US President Donald Trump’s tariff policy, leading to significant losses and fears of a recession.

The ASX 200 fell by $38 billion on Monday, down 1.6 per cent at lunchtime, influenced by a 2 per cent decline on Wall Street’s S&P 500 index.

Goldman Sachs has raised the probability of a US recession from 20 per cent to 35 per cent, which has alarmed investors worldwide. IG market analyst Tony Sycamore noted that the report had a considerable negative impact on market shares.

Tariff plan

Concerns are escalating as the US prepares for ‘liberation day’ and a reciprocal tariff plan expected on April 2, targeting all nations, not just those with significant trade imbalances with the US.

So far, tariffs have been imposed on aluminium, steel, and automotive goods, with further tariffs on Canada and Mexico starting soon. AMP chief economist Shane Oliver highlighted that increased tariff tensions contribute to global economic uncertainty.

He indicated that $23.9 billion worth of Australian exports could be affected by Trump’s tariffs, raising concerns about potential long-term impacts if a trade war escalates.

Sycamore warned that current market corrections could worsen, speculating a potential decline of 25 to 35 per cent if a recession occurs, amplifying pressure on share prices. The global economic landscape increasingly appears uncertain as President Trump’s policies unfold.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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