
U.S. Stocks suffered its worst selloff in three months as President Donald Trump escalated tariff threats linked to Greenland, dragging the Dow down more than 1%, marking the weakest daily performance since October and pushing the S&P 500 and Nasdaq into negative territory for 2026.
Trump reinforced his stance by threatening steep tariffs on European allies, including potential 200% duties on French wine.
Investors are bracing for potential further downside amid policy uncertainty, while corporate earnings remain a key focus, with results from major companies expected to shape near term market sentiment.
Gold surged to a new record high above $4,800 an ounce as investors sought safe havens amid rising geopolitical and trade tensions after President Donald Trump threatened fresh tariffs on countries opposing U.S. control of Greenland.
Asia-Pacific markets mostly declined, with losses across Japan, South Korea and Australia, while Hong Kong was slightly lower and mainland China marginally higher.
The Dollar Index briefly dipped to 98.25 but held above 98.00. EUR/USD moved above 1.1700 but faces resistance near 1.1770–1.1800. EUR/JPY and USD/JPY are currently biased higher.
Crude oil is strengthening, with Brent maintaining $63 and WTI at $59.75 Gold remains strongly bullish on a weaker dollar and geopolitical risks.
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