Global markets dipped as President Trump's tariff plans, geopolitical tensions, and a cautious Federal Reserve outlook dampened investor risk appetite. Wall Street futures pointed downwards after a rebound in U.S. markets yesterday, fueled by the minutes of the Fed's January meeting. Meanwhile, Canadian investors awaited earnings reports from several major companies.
Global markets were mostly in the red as U.S. President Donald Trump’s tariff plans, geopolitical worries and a cautious stance from Federal Reserve policymakers hurt risk sentiment.
In Asia, Japan’s Nikkei closed 1.24 per cent lower, while Hong Kong’s Hang Seng dropped 1.6 per cent.Oil prices were little changed on after rising to a near one-week high yesterday, as an industry report showing a buildup in U.S. crude stockpiles pressured the market. In other commodities, spot gold climbed 0.7 per cent to US$2,953.12 an ounce after hitting US$2,954.69 earlier in the session, its 10th record high this year. U.S. gold futures gained 1.2 per cent to US$2,970.70.The day range on the loonie was 70.19 US cents to 70.39 US cents in early trading. The Canadian dollar was up about 1.22 per cent against the greenback over the past month.
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