Global stocks held steady on wednesday, with European and U.S. markets
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Global markets find footing despite tariff concerns
Global stocks held steady on wednesday, with european and u.s. markets at record highs, as traders shrugged off Trump’s latest tariff threats targeting autos, semiconductors, and pharmaceuticals. Since taking office, Trump has already imposed a 10% tariff on all chinese imports and announced delayed 25% tariffs on goods from Mexico and non-energy imports from Canada. however, markets appear to be treating these moves as negotiation tactics, rather than immediate economic threats.
Europe outperforms u.s. stocks
European stoxx 600 futures (fesx1!) signaled a flat open after the index closed at a record high on tuesday, bringing its 2025 gains to 10%, outperforming both the S&P 500 (spx) and Nasdaq (ixic). Meanwhile, UKstocks traded cautiously ahead of key inflation data, which could impact expectations for the Bank of England’s (boe) rate decisions.
Chinese tech rally pauses as investors take profits in asia
The chinese tech sector (hstech) has been on a strong rally, boosted by Xi Jinping’s meeting with business leaders and excitement around AI startup Deepseek. However, Hong Kong’s Hang Seng index (hsi) fell 0.4%, as traders locked in profits after a 14% gain so far in 2025, making it one of the best-performing global indices alongside germany’s dax.
Currency markets
Dollar firms, Kiwi gains after rate cut the US dollar (dxy) strengthened on safe-haven flows, as traders remained cautious ahead of Russia-Ukraine negotiations and Fed minutes. The New Zealand dollar (nzdusd) rose 0.3% to $0.5722, following an expected 50 basis point rate cut, though the RBA's cautious stance on further easing kept the australian dollar (audusd) slightly lower at $0.6347.
Trading outlook
With s&p 500 closing at a record high, investors are now watching the fed minutes for clues on future rate policy. Key support for spx is at 6,080, while resistance sits at 6,180-6,200. In commodities, brent crude (brn1!) held above $76, while gold (xauusd) eased slightly to $2,932, just below last week’s record high. Geopolitical developments and german elections this weekend remain key risk factors for market direction.
Global stocks held steady on wednesday, with european and u.s. markets at record highs, as traders shrugged off Trump’s latest tariff threats targeting autos, semiconductors, and pharmaceuticals. Since taking office, Trump has already imposed a 10% tariff on all chinese imports and announced delayed 25% tariffs on goods from Mexico and non-energy imports from Canada. however, markets appear to be treating these moves as negotiation tactics, rather than immediate economic threats.
Europe outperforms u.s. stocks
European stoxx 600 futures (fesx1!) signaled a flat open after the index closed at a record high on tuesday, bringing its 2025 gains to 10%, outperforming both the S&P 500 (spx) and Nasdaq (ixic). Meanwhile, UKstocks traded cautiously ahead of key inflation data, which could impact expectations for the Bank of England’s (boe) rate decisions.
Chinese tech rally pauses as investors take profits in asia
The chinese tech sector (hstech) has been on a strong rally, boosted by Xi Jinping’s meeting with business leaders and excitement around AI startup Deepseek. However, Hong Kong’s Hang Seng index (hsi) fell 0.4%, as traders locked in profits after a 14% gain so far in 2025, making it one of the best-performing global indices alongside germany’s dax.
Currency markets
Dollar firms, Kiwi gains after rate cut the US dollar (dxy) strengthened on safe-haven flows, as traders remained cautious ahead of Russia-Ukraine negotiations and Fed minutes. The New Zealand dollar (nzdusd) rose 0.3% to $0.5722, following an expected 50 basis point rate cut, though the RBA's cautious stance on further easing kept the australian dollar (audusd) slightly lower at $0.6347.
Trading outlook
With s&p 500 closing at a record high, investors are now watching the fed minutes for clues on future rate policy. Key support for spx is at 6,080, while resistance sits at 6,180-6,200. In commodities, brent crude (brn1!) held above $76, while gold (xauusd) eased slightly to $2,932, just below last week’s record high. Geopolitical developments and german elections this weekend remain key risk factors for market direction.