Global equities sold off after weaker U.S. jobs data raised recession fears. Trump’s tariff announcements and key personnel changes added to economic worries. U.S. Treasuries were in demand as economy added only 73,000 jobs, below expectations. Jobs report led to bets on September rate cuts. Dollar and stocks fell sharply.

Trump ordered the firing of the U.S. Bureau of Labor Statistics commissioner. Federal Reserve Governor Adriana Kugler’s early resignation caused investor anxiety amid disagreements over rate policies. Traders bet heavily on a September rate cut. Markets react to weak jobs data, earnings reports, and guidance from corporations. MSCI’s global stocks index fell sharply.

Trump’s tariff announcements hit major trading partners with increased duties. Amazon shares dropped after disappointing cloud computing growth. Wall Street saw significant losses with the Dow, S&P 500, and Nasdaq falling. Pan-European STOXX 600 index posted its biggest drop since April. Dollar fell sharply against major currencies after the jobs data.

Yields on U.S. Treasury bonds plunged as bets for rate cuts increased. Trump’s influence on Fed appointments raised concerns. Benchmark 10-year note yield fell to 4.22%. Oil prices sank amid production increase fears by OPEC. Gold prices rallied to a one-week high as investors sought safety. Spot gold rose to $1,360.45 an ounce.

Read more at Yahoo Finance: Global stock index sinks with dollar, bond yields after weak US jobs data