💨 Abstract

Asian and European stock markets dropped on Friday due to U.S. President Donald Trump's latest tariff announcement on auto imports, causing fears of a global trade war. The dollar and oil were also affected, with the U.S. dollar steady ahead of an inflation report and the yen stronger due to signs of interest rate hikes in Japan. Gold prices hit a record high as a safe haven.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖