Global Stocks Dip as Markets Brace for Economic Data and Tariff Deadlines

Global stocks experienced a downturn with the dollar also set for a weekly decline. Investors showed apprehension ahead of critical economic data, central bank meetings, and impending tariffs. Tech giants anticipate tariff updates, and uncertainty looms over the U.S. Federal Reserve’s policy decisions.

In a jittery close to the week, global stock markets dipped from their record highs as investors reeled back in anticipation of next week's critical economic data, tariff deadlines, and significant meetings by the U.S. Federal Reserve and Bank of Japan.

The market's buoyant stance on trade war risks could face significant pressure if forthcoming U.S. jobs data and earnings reports falter, and the Federal Reserve opts against easing monetary policy. Doubts loom over Jerome Powell's tenure as Fed Chair amid pressure from President Trump.

Attention also turned to the tech sector, where giants like Amazon and Apple are expected to release tariff-affected earnings reports. Meanwhile, the dollar fell out of favor as a safe haven, echoing broader risk concerns in the markets.

(With inputs from agencies.)