News Highlights: Top Global Markets News of the Day - Wednesday at 11 AM ET

Dow Jones04-09
 
China Has Readied a Trade-War Arsenal That Takes Aim at U.S. Companies 
 

Beijing's strategy to hit back at President Trump goes well beyond tariffs, targeting companies who bank on their China ties.

 
EU Member States Approve Response to U.S. Steel Tariffs 
 

European Union members approved an initial list of U.S. goods that will be subject to tariffs, giving the bloc power to impose levies on some products as early as next week.

 
Stocks Mixed After Trump's New Tariffs Take Effect 
 

U.S. stocks were mixed while global markets convulsed as sweeping new U.S. tariffs went into effect and China retaliated.

 
The Market Is in a New Mode: 'Sell Everything American' 
 

The simultaneous selloff in stocks, bonds and the dollar is a concerning sign of distress, but the critical indicators aren't flashing red yet.

 
Vanguard Cuts Forecast for U.S. Economy. Tariffs Have Us 'Dancing With Recession.' 
 

Current trends could mean the economy is headed for stagflation, says Joe Davis, Vanguard's chief economist.

 
Homeowners and home buyers seize a brief - but steep - drop in mortgage rates 
 

Mortgage applications rose 20% in the last week, the Mortgage Bankers Association said.

 
U.S.-China Brawl Takes Center Stage in Global Trade War 
 

A striking escalation of trade hostilities shows the two economies are digging in for a protracted fight.

 
ECB Should Cut Key Rate as Euro Stages Surprise Rally, Villeroy Says 
 

Economists said the additional tariffs of 20% on imports from the EU were likely to weaken growth in the eurozone as exports cool.

 
Japan Currency Official Vows to Stabilize Markets Amid Tariff Turmoil 
 

Japan's top currency diplomat has pledged to ensure stability in the global financial system as tariff fears spook investors, saying Tokyo will coordinate with other nations on how they are handling U.S. trade policy changes.

 
Trump's Tariffs Put Fed Chair Powell in a 'No-Win Situation' 
 

A trade war ties the Fed's hands by pushing up inflation at the same time that uncertainty is sapping growth.

 
 

(END) Dow Jones Newswires

April 09, 2025 11:00 ET (15:00 GMT)

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