Markets Slide as Tariff Tensions Escalate and Safe-Haven Demand Surges
- NexxtGen Markets
- Apr 17
- 2 min read
Here's your latest update from the team at NexxtGen Markets here in the City of London 🇬🇧
📊 Market Recap – Wednesday, 16 April 2025
Global equity markets experienced significant declines on Wednesday, driven by escalating trade tensions and investor concerns over economic growth.
S&P 500: Closed at 5,275.70, down 2.2% 📉
Dow Jones Industrial Average: Ended at 39,669.39, falling 1.7% 📉
Nasdaq Composite: Dropped 3.1% to 16,307.16 📉
The declines were exacerbated by Federal Reserve Chair Jerome Powell's warning that President Trump's tariffs could hinder economic growth and drive up inflation.
🪙 Gold Hits New Record High Amid Market Turmoil
Gold prices soared to a new all-time high of $3,357.40 per ounce as investors sought safe-haven assets amid escalating trade tensions and market volatility.
💵 U.S. Dollar Shows Tentative Recovery
The U.S. dollar index exhibited signs of stabilisation on Wednesday, rising against the euro and yen after a sharp selloff. However, investors remain cautious due to ongoing trade tensions and potential impacts on the global economy.
🛢️ Oil Prices Remain Volatile Amid Demand Concerns
Oil prices experienced fluctuations, with Brent crude futures trading around $65 per barrel after earlier hitting their lowest levels in more than four years. The volatility is driven by escalating trade tensions and the decision of OPEC+ producers to increase oil production.
🇬🇧 UK Economic Indicators Reflect Mixed Signals
In the UK, wage growth remains robust at 5.9%, despite a decline of 78,000 payrolled jobs in March. The Bank of England is anticipated to continue gradual interest rate cuts in response to these mixed signals and global trade uncertainties.
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