IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
Oil Prices Rise on Venezuela Sanctions and Nigeria Airstrikes Despite Annual Losses 
Wall Street suffered its steepest two-day drop since the pandemic, as mounting global trade tensions and sweeping tariffs imposed by the Trump administration triggered a major market selloff. The Nasdaq Composite officially entered a bear market Friday, while the Dow Jones Industrial Average confirmed a correction.
Over Thursday and Friday, the Dow fell 9.3%, the S&P 500 dropped 10.5%, and the Nasdaq plunged 11.4%. The selloff wiped trillions off U.S. company valuations, with the CBOE Volatility Index hitting its highest level since April 2020.
Investor panic surged after Trump raised tariffs to their highest level in over a century, prompting concerns over a looming global recession. Global responses added fuel to the fire—China’s finance ministry announced a 34% tariff on all U.S. goods starting April 10, while leaders from the UK, Australia, and Italy discussed retaliation.
On Friday alone, the Nasdaq dropped 962.82 points (5.82%) to 15,587.79, the Dow fell 2,231.07 points (5.50%) to 38,314.86, and the S&P 500 slid 322.44 points (5.97%) to 5,074.08—its lowest close in 11 months. Weekly losses stood at 10% for the Nasdaq, 9.1% for the S&P 500, and 7.9% for the Dow.
Fed Chair Jerome Powell warned the tariffs could spark inflation and slow growth, possibly influencing future monetary policy. The 10-year Treasury yield dipped below 4%, adding pressure to bank stocks, with the S&P Banks index dropping 7.3%.
All 11 S&P sectors fell over 4.5%, with energy leading losses, down 8.7% as U.S. crude slid 7.3%. Tech and China-exposed stocks plunged, including Apple (-7.3%), Alibaba, and JD.com (both down over 7.7%). Chipmakers, heavily reliant on U.S.-China supply chains, dropped another 7.6%.
