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The yield on 30-year Japanese government bonds has surged to its highest level since 2004, raising concerns among investors.

Respondents to BofA's monthly survey of fund managers were a net 36% underweight U.S. equities, the most in nearly two years, a number that has plunged by 53 percentage points since February, the biggest such fall on their records. The trend looks set to continue, as a record number of respondents also said they intended to cut allocations to U.S. equities. U.S. President Donald Trump's aggressive tariff plans have sparked a selloff in U.S. assets, including stocks, the dollar and Treasury bonds.

European markets are set to open higher, and the euro maintains its strength against the US dollar after US President Donald Trump hinted at potential auto tariff relief.View on euronews

NAIROBI/LAGOS (Reuters) -A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers. Concerns about the impact of a tit-for-tat trade war on global growth and demand for oil sent Brent crude prices plummeting by more than 20% within a week to a four-year low after Trump announced his sweeping tariffs on April 2. Turkey, India, Pakistan, Morocco and much of emerging Europe relying on oil imports are set to see some benefits from lower prices of crude.

An eventful 24 hours in the crypto markets saw VTHO zooming 37%, Story’s IP falling and recovering 20%, with some traders hoping that the worst of the tariffs-driven selloffs are in the past.

U.S. stocks drifted Tuesday through a rare quiet day for financial markets. The Dow Jones Industrial Average fell 155 points, or 0.4%, and the Nasdaq composite edged down by less than 0.1%. The modest moves offered some respite following the huge swings that have battered Wall Street recently, not just day to day but also hour to hour.

U.S. stocks are rising Tuesday in a rare quiet day for financial markets, for now at least. The S&P 500 was up 0.3% in afternoon trading, though it’s been prone to huge swings not just day to day but also hour to hour. The day before, it went from a gain of 1.8% to a slight loss back to a gain as it struggled to keep up with shifts in President Donald Trump’s trade war, which economists warn could cause a global recession unless it’s scaled back.

Palantir shares jumped nearly 5% Monday to extend last week’s recovery following news that NATO had acquired the analytics software provider’s AI-enabled military system. Monitor these key levels on the weekly chart.

"I'm looking at something to help car companies with it," President Donald Trump told reporters.

The death cross last flashed for both indices in March 2022, which was the early days of a painful bear market.