Impact of Trade War on Global Markets

Asian shares tumbled as worries about inflation and a slowing U.S. economy due to the trade war intensified. Gold hit a record high. Stock markets worldwide are shaky as more tariffs loom. Investors turned to traditional safe havens like gold.

Market Volatility and Economic Concerns

Tumbling stock markets and rallying Treasury bonds steadied in Europe after previous day's dramatic moves. President Trump's comments about a potential economic slowdown contributed to market concerns. Traders are now pricing in 85 basis points of easing from the Fed this year, while investors are cautious about inflation and tariffs impacting the economy. Safe havens like the Japanese yen and gold are in demand amidst market volatility.

Ukraine-U.S. Talks, Stock Markets, Deportation Case

Ukraine and U.S. to hold talks on ending Russia's war, stock markets slide due to potential impact of Trump tariffs, federal judge halts deportation of activist arrested by ICE.

Rise of High Net Worth Individuals and Wealth in 2023

The number of high net worth individuals (HNWI) and their total wealth have reached record highs in 2023 due to investments in soaring stock markets, according to a study by Capgemini. Their fortunes have risen as stock markets surged, reversing a decline in 2022. Rising wealth and inequality have sparked debates on making the rich pay their fair share of taxes.