Stocks down after Trump announces new tariff | IFCM Germany
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Stocks down after Trump announces new tariff - 6.5.2025

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Artikel:1015

Todays’ Market Summary

  • The Dollar weakening is intact
  • Futures on three main US stock indexes are down
  • Brent is retracing up currently.
  • Gold prices are extending gains currently

Top daily news

Global equity indexes are trading mostly down currently after president Trump announced a 100 per cent tariff on movies produced outside the US. Wall Street closed lower on Monday. Apple shares slumped 3.15% underperforming market after Phillip Securities cut Apple stock target to $200 from $235 while it maintained a “Neutral” rating on the stock, Tesla shares lost 2.4% on Monday after industry data showed a drop in new car sales in Spain.

Forex news

WährungspaarVeränderung
EUR/USD -0.2%
GBP/USD +0.1%
USD/JPY -0.5%

The Dollar weakening is intact currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 0.16% lower on Monday.

Both EUR/USD and GBP/USD continued their climbing yesterday as Sentix data showed euro zone investor confidence continued improving in May. Both Pound and euro are higher against the dollar currently. USD/JPY accelerated its retreating while AUD/USD slowed its climbing on Monday with the yen higher still against the Greenback currently and Australian dollar lower. 

Stock Market news

IndexeVeränderung
Dow Jones -0.5%
Britische Aktienindex -0.4%
Hang Seng Index -0.3%
Australischem Aktienindex -0.2%

Futures on three main US stock indexes are down currently ahead of Trade Balance report at 14:30 CET with the yield on benchmark 10-year Treasury steady at 4.231%. US stock market ended lower on Monday with the three main stock benchmarks recording daily losses in the range from -0.7% to -0.2% as president Trump said he would put a 100 per cent tariff on all movies produced outside the US but gave few details on just how such a levy would work, while the Institute for Supply Management survey showed the services sector picked up growth in April.

European stock indexes futures are retreating currently after indexes closed mixed on Monday while data showed Swiss consumer prices remained stable in April. Asian indexes futures are mostly falling currently in thin trading with Japan’s markets closed for holiday and Nikkei leading losses.

Commodity Market news

RohstoffeVeränderung
Brent +0.2%
Öl WTI +0.2%

Brent is retracing up currently. Oil prices fell yesterday after OPEC+ agreed on Saturday to further speed up oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day. ING and Barclays reduced their Brent crude forecasts following the OPEC+ decision. US West Texas Intermediate WTI fell 2% but are higher currently. Brent lost 1.7% to $60.23 a barrel on Monday.

Gold Market News

MetalleVeränderung
Gold +0.5%

Gold prices are extending gains currently . Spot gold resumed its climbing yesterday: the price rallied 2.88% to $3334.19 an ounce on Monday.

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