Live Updates

    5 March 2025
    US stock markets declined sharply after a brief rally, led by significant losses in Intel and Tesla.

    US stocks fell late, erasing earlier recovery. Dow dropped most, while Google gained despite broader declines.

    5 March 2025
    The US President has pledged to raise tariffs on Canada following its trade retaliation.

    Trump to impose reciprocal tariffs on Canada, escalating trade tensions and economic challenges early in his second term.

    5 March 2025
    Hassett argues that resolving the fentanyl crisis would lead to tariff resolution, emphasising drug issues over immigration.

    Kevin Hassett links the fentanyl crisis to border issues, urging Canada and Mexico to address drug challenges urgently.

    5 March 2025
    Developments in the tariff dispute caused intraday weakness for the US Dollar Index, dropping below 106.00.

    The US Dollar declined as tariffs were announced, economic data weakened, and markets shifted towards safe-haven assets.

    4 March 2025
    Amid tariffs affecting trade, the Pound continues to rise against a weakening US Dollar.

    GBP rises to 1.2708 as USD weakens; UK inflation concerns grow; Fed speeches and Trump monitored closely.

    4 March 2025
    The Nasdaq returned to parity while Treasury yields increased; optimism about a trade war emerged.

    Market activity suggests easing trade tensions; Nasdaq down 0.2%; Treasury yields rise; WTI crude trims losses.

    4 March 2025
    Shaun Osborne from Scotiabank observes that GBP’s rise is mainly due to USD’s general weakness.

    GBP strengthens as USD weakens, targeting 1.28 with support at 1.2715 and 1.2675/80 amid growing momentum.

    4 March 2025
    Ted Cruz expressed hope that Trump’s tariffs won’t persist for long, benefiting Texas trade with Canada and Mexico.

    Ted Cruz hopes tariffs are temporary, emphasizing Texas trade with Mexico and Canada while supporting Trump’s intended outcomes.

    4 March 2025
    According to Scotiabank, the EUR’s appreciation continues amidst a weaker USD and rising European defence expenditure.

    The EUR strengthens as USD weakens, with bullish momentum targeting the 1.0650/1.0750 range and 200-day average.

    4 March 2025
    After a dip due to tariff reports, the Canadian Dollar recovers and performs relatively well.

    The Canadian Dollar recovers, supported by a softer US Dollar and narrowing US/Canada 2Y spreads amid tariff concerns.

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