Global markets slump on fears of US tariffs, triggering safe-haven buying of government debt and gold.

From Nasdaq: 2025-03-31 13:18:00

Stock indexes are down today, with the S&P 500 and Nasdaq 100 at 6-1/2 month lows. Global markets are sliding due to US tariff concerns, triggering safe-haven buying of government debt and gold. President Trump plans to impose tariffs on all countries, sparking risk-off sentiment. June E-mini futures are also down.

US stocks recovered slightly after the Mar MNI Chicago PMI rose to a 16-month high, boosting investor confidence. China’s March manufacturing PMI beat expectations, providing additional support. Concerns over US tariffs impacting economic growth persist, with fears of a possible recession. President Trump’s tariff announcements have influenced market sentiment.

Market focus this week includes key economic indicators like the US ISM manufacturing index and nonfarm payrolls. Analysts predict rate cuts post-FOMC meeting, while European bond yields decline. German CPI and retail sales data show mixed results. ECB is expected to cut rates in April. US stock movers include tech and airline stocks experiencing declines.

Defensive utility and food stocks rise amidst broader market weakness. Chip makers and vaccine stocks face declines. Airline stocks drop due to weakening US travel demand. Moderna and Sarepta Therapeutics lead losers in the S&P 500. Mr. Cooper Group sees a significant increase after an acquisition. AngloGold Ashanti Plc leads gold mining stocks higher.

Earnings reports for March 31, 2025, include Caledonia Mining Corp PLC, Nano-X Imaging Ltd, PVH Corp, and more. Analysts anticipate market reactions to these reports. The author does not hold positions in mentioned securities. Information provided for informational purposes only. The views expressed are the author’s own and not necessarily reflective of Nasdaq, Inc.



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