
Markets swing on volatile trade headlines: gold, Bitcoin amass USD outflows
Trade headlines are accelerating again. Markets ended last week on a sour note after President Donald Trump threatened to impose a 50% tariff on European imports by June 1st, prompting a sharp selloff in major US and European indices. He also warned that Apple could face a 25% tariff unless it relocates its production to the US. Yet, sentiment has shifted sharply this morning. The Nikkei 225 rose more than 1.7%, buoyed by hopes that the US and Japan are progressing toward a trade deal. European and US futures rebounded on news that the 50% EU tariff threat will be...