Crude oil prices dropped over 5% as OPEC+ increased output and U.S. tariffs raised demand concerns.
US jobless claims dipped to 219,000, below expectations, while continuing claims increased above projections.
Gold falls 1.50% to $3,095 amid US tariffs, market sell-offs, and global economic uncertainty.
Commerce Secretary urges shift from tariffs to tackling trade barriers; promote U.S. agriculture and domestic electronics production.
Trump’s tariff plan targets major trade partners; aims to boost agriculture exports and lower income taxes.
Tariffs weaken USD, raise import prices; US exports gain. Auto industry faces challenges amid shifting trade dynamics.
USD/CAD falls near 1.4100 as Trump’s tariffs fuel recession fears, weighing heavily on the US Dollar.
ECB signals policy may be less restrictive amid reduced inflation risks and rising economic uncertainty concerns.
ECB warns of economic shocks from trade tensions; inflation risks remain despite euro strength and cautious policies.
OPEC+ boosts May oil output by 411,000 bpd; next meeting scheduled for June plans on May 5.
