Tariffs Shake Markets

Global equities begin the week with a risk-averse sentiment as SPX futures, the CSI-300, and Nikkei-225 all traded lower, while the dollar strengthened.

Daily Updates:

• In TradFi markets, the week began with a risk-averse nature as global equities dropped while the US dollar strengthened slightly, up 0.44% today. 

• SPX futures fell 0.5%, China’s CSI-300 index ended 0.43% lower and the Nikkei-225 dropped 0.56%.

• Those moves coincide with President Trump stating that countries aligning with “the Anti-American policies of BRICS” will be subject to an additional 10% tariff. 

• On Truth Social the President also said that the US will also send out “TARIFF Letters, and/or Deals” from 12 pm eastern time today.