Global Stocks Fall as Fed Uncertainty, French Turmoil, and Trump’s Tariff Threats Weigh on Markets
Global Stocks Fall as Fed Uncertainty, French Turmoil, and Trump’s Tariff Threats Weigh on Markets
Global equity markets experienced a broad downturn today, with major indices like the S&P 500 and Nasdaq Composite registering declines amidst heightened investor anxiety. The sell-off is being attributed to a confluence of factors, including intensifying Federal Reserve uncertainty and political turmoil originating from France.
Adding significant pressure, reports indicate President Trump is moving to dismiss a key Fed official, setting the stage for a potential legal challenge and further fueling central bank jitters. Simultaneously, Trump has announced plans for new export curbs and tariffs as a reprisal against digital taxes, raising concerns over global trade stability. These developments have contributed to a dip in the dollar and a decline in crude oil prices, while the US 10-year Treasury yield saw a modest increase as investors sought safer assets.
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