Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
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Canada’s main stock index rebounded sharply Wednesday after U.S. President Donald Trump’s unexpected tariff rollback eased fears of a global trade war. The Toronto Stock Exchange’s S&P/TSX Composite Index surged 1,220 points, or 5.4%, recovering from four straight days of losses. The S&P/TSX 60 Index also climbed 69 points, or 5.1%.
Earlier in the day, over 180 countries were hit with steep reciprocal tariffs, including 46% on Vietnam, 24% on Japan, and 32% on Taiwan. However, Trump later reduced tariffs to 10% for most countries for 90 days, offering a window for trade negotiations. China, facing higher tensions, saw its tariff rate rise from 104% to 125% after it imposed new duties on U.S. goods.
Wall Street also rallied. The Dow Jones soared 2,962.9 points (7.9%)—its first time crossing 3,000 points in a single day. The S&P 500 jumped 474 points (9.5%), its best performance since 2008, while the NASDAQ surged 1,857 points (12.2%), marking its second-largest gain on record. This rebound followed a sharp four-day decline where the Dow lost over 4,500 points, and the Nasdaq dropped more than 13%.
Oil prices, which had fallen to four-year lows amid escalating trade tensions, reversed course. Brent crude rose 2.9% to $65.72, and WTI climbed 0.5% to $63.04. Despite this rebound, oil remains down nearly 20% since April 2.
Gold, typically a safe haven, edged lower as investors shifted back to equities. Spot gold dipped 0.2% to $3,078.32 an ounce, while futures fell 0.3% to $3,092.12.
The easing of tariff pressures sparked investor optimism and restored confidence across global markets.
