Equities mixed despite Trump tariffs delay - 4.2.2025

The Dollar strengthening 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 0.05% higher on Monday.

GBP/USD reversed its retreating while EUR/USD accelerated its sliding yesterday while US president Trump said tariffs on the EU “will definitely happen.” Both euro and Pound are lower against the dollar currently. USD/JPY joined AUD/USD’s advancing on Monday with both the yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury up at 4.569%. US stock market ended down on Monday with the three main stock benchmarks recording daily losses in the range from –1.2% to -0.28% as Trump agreed to postpone the tariffs on Mexico and Canada by 30 days following discussions with Canadian and Mexican counterparts.

European stock indexes futures are mixed currently after indexes closed lower on Monday ahead of president Trump’s comment the U.S. trade deficit with the EU was an “atrocity,” restating that the bloc had “really taken advantage” of the United States. Asian indexes futures are mostly retreating today with Hong Kong’s Hang Seng index leading gains with markets in China closed for the Lunar New Year holiday.

Brent is down currently after US President Donald Trump announced a one-month delay on newly imposed tariffs on imports from Canada and Mexico. Oil prices ended marginally higher yesterday while the OPEC+ agreed to abide by its plan of gradually raising oil output from April and removed the US government's Energy Information Administration from the sources used to monitor its production and adherence to supply pacts. US West Texas Intermediate WTI futures rose 0.9% but are lower currently . Brent added 0.4% to $75.96 a barrel on Monday.