Chris Becker

As the April 2 deadline looms for the Fanta Fuhrer’s Tariff Tirade, Wall Street had to react to the weekend newsflow and did so with volatility plus, falling sharply before a late rebound while currency markets were more sanguine, waiting for actual results.

A sea of red across Asian stock markets in response to the poor finish to the trading week on Friday night on Wall Street with Japanese bourses falling sharply as exporters worry about the next round of Trump tariffs.

Good news was bad news for risk markets on Friday night as the April 2 deadline looms with Trump’s call with PM Carney presenting no change in the deadlock as the Canadians announce retaliatory tariffs.

Asian stock markets are having a poor finish to the trading week with most markets down amid noise around more Trump tariff nonsense, while the latest Japanese inflation figures sent local stocks sharply lower.

More tariff fallouts overnight as the April 2 deadline looms with Trump whining about Canadian-EU collaboration in the latest round of threats, while stocks put in slight selloffs amid the low volatility reactions.

Noise around the latest tariff tirade from Trump, this time on cars from – well everywhere – has not really affected Asian stock markets that much relatively speaking as regional concerns outweigh the dummy spitting from the White House.

As the April 2 deadline the ultimate round of US tariff’s beckons, the Fanta Fuhrer couldn’t help shoot early with a blanket 25% car tariff, thus dooming the domestic US car industry as the world will shift to boycott US made vehicles.

Asian stock markets are doing slightly better today given the mixed result overnight although S&P futures are looking more robust given more Trump talk about caving in on tariffs, although who knows what will actually happen as another distraction is likely soon given the recent intelligence foul up by half his Cabinet.

A bit of Fedspeak overnight was overshadowed by the Clown Show in the White House overnight as markets remain somewhat hesitant as the April 2 deadline for Trump’s Tariff Tirade beckons.

Not much action across Asian stock markets although offshore Chinese markets are feeling the pinch while mainland shares are unchanged as are the satellite Australian local stocks which have tread water again.