Stocks mixed after Trump raises China tariffs - 9.4.2025

The Dollar weakening continues 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 0.5% lower on Tuesday.

Both EUR/USD and GBP/USD reversed their retreating on Tuesday. Both Pound and euro are higher against the dollar currently. USD/JPY reversed its climbing while AUD/USD accelerated its retreating on Tuesday with both the yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year US notes up at 4.443%. Stock indexes ended lower on Tuesday recording daily returns in a range from -2.15% to -0.8% led by technology stocks ahead of tariffs on China going into effect overnight.

European stock indexes futures are sharply lower currently after rebounding on Tuesday as European Commission President Ursula von der Leyen said the previous day European Union offered Trump a “zero-for-zero tariffs” deal for industrial goods, that was promptly rejected by president Trump. Asian indexes futures are mostly rising today with Hong Kong’s Hang Seng index leading gains despite president Trump signing an order raising tariffs on China by additional 50% after China announced mirror 34% retaliatory tariffs on American products. Beijing reiterated today it will continue to take ‘resolute and forceful’ countermeasures as US tariffs kicked in at 06:00 CET.

Brent is down currently retreating to lowest levels since February 2021. Prices extended losses yesterday ahead of American Petroleum Institute report US crude oil stocks fell by 1.1 million barrels in the week ended April 4 while gasoline inventories rose by 210,000 barrels. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) slid 1.85% and is lower currently. Brent fell 2.16% to $62.82 a barrel on Tuesday.