News Highlights: Top Global Markets News of the Day - Tuesday at 7 PM ET

Dow Jones
03-05
 
Canada, Mexico tariff deal could be in works, Lutnick suggests.  Here's what markets will watch. 
 

A deal to roll back U.S. tariffs on Canadian and Mexican goods may be in the works, a top Trump administration official suggested Tuesday, as President Donald Trump prepared to give a major address to Congress.

 
Stocks Fall as Tariff Fears Ripple Through Economy 
 

Major indexes had found their footing by midafternoon, then resumed their decline. Economically sensitive stocks were among the hardest hit.

 
New York Fed President Sees Tariffs Feeding Inflation 
 

John Williams said his economic forecast will take into account President Trump's tariffs. The Fed officials expects prices to increase.

 
How Uncertainty From Trump's Tariffs Is Rippling Through the Economy 
 

Levies on Mexico and Canada mark a new era of protectionism, as they disrupt industries and reshape relations between countries.

 
Fallout from Trump's trade war is spilling over into corporate bonds at a crucial moment 
 

The first two weeks of March tend to see the highest bond issuance of the year for highly rated corporations.

 
Senate Votes to Repeal Biden-Era Crypto Tax Rule 
 

Sen. Ted Cruz (R., Texas) called the effort a "powerful statement of the importance of crypto."

 
RBA Deputy Gov. Hauser Says Inflation War Not Over; Trade Uncertainty Rising 
 

It's too soon to declare that the battle to contain inflation in Australia is over and a cautious approach to interest rate cuts is still needed, the deputy governor of the Reserve Bank of Australia, Andrew Hauser, said.

 
China Retaliates Against U.S. With Tariffs, Controls on U.S. Companies 
 

If the U.S. "insists on launching a tariff war, a trade war or any other war, China will fight to the end." said a Chinese spokesman.

 
Oil Outlook Clouded by OPEC+ Output, Trade Tariff Risks 
 

Higher-than-expected supply and a potential demand hit due to softer U.S. activity and escalating tariffs pose downside risks to its oil price forecast, said Goldman Sachs.

 
Dollar Dinged by Trump Tariffs, Suffers Worst 2-Day Decline Since 2023 
 

The greenback was supposed to get a boost from tariffs. That's not happening, even with the stock market falling.

 
 

(END) Dow Jones Newswires

March 04, 2025 19:00 ET (00:00 GMT)

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