India, April 3 -- Global market sentiment was shattered as President Trump announced sweeping trade tariffs that exceeded what the markets had anticipated. The measures are feared to fuel inflationary pressures, trigger a global economic slowdown and intensify the trade war.
Wall Street Futures have tumbled. European benchmarks are also trading with heavy losses. Asian markets also finished with deep cuts.
The six-currency Dollar Index plunged heavily. Bond yields eased across regions. Crude oil prices suffered heavy losses amidst an output hike by some OPEC countries. Gold slipped heavily. Cryptocurrencies also recorded significant losses. Here is a snapshot of the major world markets at this hour.
Stock Indexes:
DJIA (US30) at 40,958....