RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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U.S. stocks closed lower Thursday as investors reacted to President Donald Trump’s surprise announcement of new auto tariffs, which sent shares of major automakers and parts suppliers tumbling. The S&P 500 slipped 0.33% to 5,693.31, while the Nasdaq lost 0.53% and the Dow Jones fell 0.37%.
Trump’s plan includes a 25% tariff on imported cars and light trucks starting April 3, with auto parts tariffs following on May 3. The move triggered a sharp sell-off in automakers, with General Motors (NYSE:GM) plunging over 7% and Ford (NYSE:F) dropping 3.9%. Car parts suppliers Aptiv (NYSE:APTV) and BorgWarner (NYSE:BWA) fell around 5% each.
Tesla (NASDAQ:TSLA) gained 0.4% as its domestic production may shield it from the worst of the tariff impact. Apple (NASDAQ:AAPL) rose 1.05%, helping to offset broader losses.
Uncertainty around Trump’s shifting trade policies continues to weigh on investor sentiment. “People are cautious not just because of the policies but because of the constant flip-flopping,” said portfolio manager Jed Ellerbroek of Argent Capital.
Eight of the 11 S&P 500 sectors closed in the red, led by energy and communication services. Despite a dip in weekly jobless claims and a Q4 GDP revision up to 2.4%, markets remained under pressure.
Dollar Tree (NASDAQ:DLTR) jumped 11% after announcing the sale of its Family Dollar unit for $1 billion, earning bullish analyst upgrades.
Investors are now turning to Friday’s release of the February PCE price index, the Fed’s preferred inflation gauge, for further clues on monetary policy. So far in 2025, the S&P 500 is down 3%, while the Nasdaq has slid nearly 8%, both poised to end Q1 in the red.
