Global markets are in a "risk-off" mode with falling stocks, dollar, and commodities.

From Yahoo Finance: 2025-05-15 06:32:00

Global markets are in a “risk-off” mode today, with stocks, the dollar, and commodities falling. Meanwhile, bond prices are rising, and safe-haven currencies like the Japanese yen and Swiss franc are strengthening.

Republicans in the U.S. Congress move forward with parts of Trump’s budget plan, proposing tax cuts that would increase the national debt while cutting healthcare spending. Trump claims the U.S. is close to a nuclear deal with Iran.

Elon Musk’s political committee faces a lawsuit for not fulfilling promises to pay voters during the 2020 election. Oil played a significant role in Trump’s recent visit to Saudi Arabia, while China’s soybean imports drop to a 12-year low.

The U.S. dollar has weakened by 7% this year but may not accurately reflect its value against major trading partners. Speculation suggests Trump wants other currencies to appreciate, impacting trade dynamics. Walmart’s earnings report will shed light on how it navigates tariffs and boycotts. Today’s events include Powell’s speech and economic data releases.

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