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Wall Street, dollar, oil tumble as Trump tariffs stoke fears of recession

Business Standard LogoBusiness Standard6d ago

Wall Street, dollar, oil tumble as Trump tariffs stoke fears of recession - Business Standard

Quick Summary:

In Asia, where some of the harshest tariffs were focused, Tokyo dropped 2.7 per cent and faced its worst week in nearly two years.

A 2 per cent decline had the dollar heading for its worst daily drubbing since November 2022 and toughest start to any year since 1995.

The scramble for ultra-safe government bonds that provide a guaranteed income drove US Treasury yields down towards 4 per cent and Germany's 10-year yield, the European benchmark borrowing rate, fell 8.5 basis points to 2.64 per cent.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 18:54:30 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 943 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27564239

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 237 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Wall Street, dollar, oil tumble as Trump tariffs stoke fears of recession" was covered 6 days ago by Business Standard, a news publisher based in India.

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It's most recent story was published 2 hours ago.

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