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.
📈 Join Us
Copy our strategies directly at https://bit.ly/nexxtgenmarkets
⚠️ Risk Warning
Trading and investing carry risks. You should seek professional advice before engaging in such activities. Leverage can amplify both gains and losses. Past performance is not indicative of future results. Full risk disclosure: http://nexxtgen.pro/risk
🧾 NexxtGen Markets partner with eToro and may receive a small commission for anyone joining eToro via our website or socials.
---
Commenti