Global Stocks Waver Amid Tariff Uncertainty; Dollar Strengthens

Global stocks declined as investors awaited updates on U.S. tariffs under President Trump. The dollar strengthened, and the U.S. technology sector weighed down the market. Stock indices showed signs of a dip after recent gains, while durable goods orders surpassed expectations. Market uncertainty persists regarding the upcoming tariffs.

Global stocks experienced a decline on Wednesday for the first time in three sessions along with a renewed upward trajectory for the U.S. dollar, as investors anticipated further updates on impending U.S. tariffs proposed by President Donald Trump ahead of an April 2 deadline. The S&P 500 and Nasdaq saw losses, while the Dow Jones Industrial Average managed a slight gain, driven by tension in the technology sector.

Overall, markets have shown a tendency to stabilize after recent pressures from uncertainties surrounding the potential impact of tariffs on the global economy and corporate earnings. Despite this, major indices appear poised for consecutive monthly losses not seen since late 2023. The U.S. Commerce Department reported a surprising increase in orders for durable goods, with a 0.9% rise, contrary to expectations of a decline.

President Trump recently hinted at upcoming automobile tariffs and the possibility of partial exemptions for some nations, while imposing 25% secondary tariffs on countries purchasing oil or gas from Venezuela, fueling market caution. The dollar index rose, with the euro marginally lower, as the greenback marked its fifth gain in six sessions. Meanwhile, European markets outperformed amid hopes of a German fiscal boost, as the STOXX 600 neared a significant gain.

(With inputs from agencies.)