US EQUITY OPEN: Indices sell off in risk-off trade as Trump's nationwide address shows no signs of de-escalation
The sell-off in US indices indicates a risk-off sentiment, likely driven by concerns over escalating tensions following Trump's address, which lacked de-escalation measures.
US Secretary of State Rubio says China's recent actions against Panama-flagged vessels have raised serious concerns, impediments to movement of vessels undermines the stability of global supply chains and increases costs
Newsquawk European Market Wrap - 2nd April 2026
US EQUITY OPEN: Indices sell off in risk-off trade as Trump's nationwide address shows no signs of de-escalation
The Trump administration is expected to apply the new 100% tariffs on patented drugs and their active ingredients, CNN reports citing a draft
Russia's Primorsk port has reportedly lost at least 40% of its oil storage due to Ukrainian drone attacks, according to satellite images; Reservoirs at Ust-Luga port have also been hit by the drone attacks
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This environment typically pressures equities and could bolster the dollar as investors seek safer assets. The geopolitical backdrop suggests investors may rotate into commodities like gold or oil, viewing them as hedges against uncertainty.
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