Posts by category: Finance

Global markets took a nosedive as China retaliated against U.S. tariffs, slapping 34% import duties. This move sent the Dow spiraling down by over 1,000 points, while key indices and companies with strong ties to China faced significant losses. Despite robust U.S. employment data, concerns over an escalating trade war overshadowed markets worldwide, intensifying fears of a global recession.

Analysts adjusted price targets for key companies like Mosaic and 3M, impacting market dynamics. Nexxen strengthened its partnership with Tubi in the UK, while Softcat reported increased profit expectations. Concerns over UK audit backlogs arose, questioning financial clarity, whereas Singaporean stocks surged ahead of the US Federal Reserve's policy decision. Barclays and Baird provided upgrades for Mosaic and RTX, respectively.