US stock markets open sharply lower as economic contraction sparks selloff
Wednesday, 30 April 2025 () US markets opened in red as the economy unexpectedly shrank by 0.3% in the first quarter, driven by increased imports and slower consumer spending. The decline raised concerns about President Trump's tariff policies, with the Dow, Nasdaq, and S&P 500 all experiencing significant drops. European and Asian markets showed mixed reactions amidst global trade uncertainties.
Amid rising trade tensions, US Treasury Secretary Scott Bessent has hinted at delisting Chinese firms from American stock markets. As Trump hikes tariffs on Chinese imports to 104%, Beijing retaliates..
European markets move lower as Trump's sweeping tariffs take effect
European markets moved lower on Wednesday morning as Donald Trump's sweeping new country-specific tariffs start to take..
Credit: euronews (in English) Duration: 01:11Published
As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier. On Monday, the Tadawul All Share Index..
Wednesday, 30 April 2025 ()
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