Trump Tariffs Impacts Global Markets, Drags Asia And Europe Lower; Dollar Surges To Three-Week High - Global Markets Today While US Slept

On Friday, January 31st, U.S. markets closed lower after the White House announced new tariffs on imports from Canada, Mexico, and China, raising investor concerns about economic uncertainty and potential retaliation. Apple declined despite positive earnings commentary, while energy stocks, including Chevron and Exxon Mobil, dropped following weaker-than-expected quarterly results.

According to economic data, U.S. personal income rose by 0.4% in December, up from 0.3% in November, while personal spending increased by 0.7%, reaching an annualized $20.387 trillion. The core PCE price index grew 0.2% from the previous month.

Most S&P 500 sectors declined, led by energy, technology, and materials, while communication services and consumer discretionary stocks gained.

The Dow Jones Industrial Average was down 0.75% and closed at 44,544.66, the S&P 500 closed lower by 0.50% at 6,040.53, and the Nasdaq Composite fell 0.28% to finish at 19,627.44.

Aisa Markets Today

• On Monday, Japan’s Nikkei 225 closed lower by 2.69% at 38,541.50, led by losses in the Precision Instruments, Real Estate and Food sectors.
• Australia’s S&P/ASX 200 fell 1.79% at 8,379.40, led by losses in the Healthcare, Consumer Discretionary and Materials sectors.
• India’s Nifty 50 closed lower by 0.54% at 23,355.70, and the Nifty 500 slid 0.84%, closing at 21,400.40. Capital Goods, Power, and Public Sector Undertakings sectors dragged the index lower.
• China markets were closed for the Chinese New Year holiday.
• Hong Kong’s Hang Seng closed the session lower by 0.04% at 20,217.26.

Eurozone at 05:30 AM ET

• The European STOXX 50 was down 1.72%.
• Germany’s DAX fell 1.64%.
• France’s CAC declined 1.70%.
• U.K.’s FTSE index 100 traded lower by 1.25%.
• European stocks fell amid global market pressure following U.S. tariffs on Canada, Mexico, and China.

Commodities at 05:30 AM ET

• Crude Oil WTI was trading higher by 1.92% at $73.91/bbl, and Brent was up 1.06% at $76.47/bbl.
• Oil prices rose as new U.S. tariffs on Canada, Mexico, and China fueled supply concerns, though trade war fears limited gains. Brent and WTI crude climbed, while gasoline futures surged.
• Natural Gas gained 7.88% to $3.282.
• Gold was trading lower by 0.12% at $2,831.69, Silver was down 0.32% to $32.163, and Copper fell 1.11% to $4.2315.

U.S. Futures at 05:30 AM ET

• Dow futures were down 1.27%, S&P 500 futures declined 1.43% and Nasdaq 100 futures slid 1.64%.
• U.S. stock futures fell as Trump’s new tariffs on Mexico, Canada, and China raised fears of a trade war and economic disruption. Retaliation from affected countries looms, while Trump plans talk with Canadian and Mexican leaders.

Forex at 05:30 AM ET

• The U.S. dollar index surged 0.99% to 109.44, the USD/JPY fell 0.19% to 154.89, and the USD/AUD rose by 0.11% to 1.6267.
• The U.S. dollar surged to a three-week high after Trump imposed tariffs on Canada, Mexico, and China, fueling safe-haven demand. The euro and commodity currencies fell, while the yuan hit record lows.

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