Stocks and bonds fluctuated, and a gauge of the dollar headed for a fourth day of losses as little progress in tariff negotiations and growth concerns about the US prompted investors to pare bets in a volatile market.
US assets were mixed with equity-index futures extending a late Monday rally after the S&P 500 slumped more than 2%.
An index of the dollar’s strength lengthened its losses after weakening to a 15-month low. The yen gained beyond 140 per dollar for the first time since September and gold advanced to a record in demand for haven assets.
Asian stocks were little changed while European stock futures pointed to a weaker open. Investors are wading through a slew of headlines on tariff talks after President Donald Trump ratcheted up his global trade war this month by imposing the highest levies in a century.
Concerns Trump may be preparing to fire Federal Reserve Chair Jerome Powell is fueling more unease for traders, who await earnings from Tesla Inc. and Alphabet Inc. this week seeking clues on how companies are navigating this new environment.
