The Michigan Consumer Sentiment Index dropped to 57.9 in March, falling well below expectations to hit its lowest levels since 2022 as inflation expectations shot up again on tariff worries.
U.S.-listed shares of Li Auto are falling 3% in intraday trading Friday after the Chinese electric vehicle manufacturer projected a lower-than-estimated first-quarter sales number.
The CoinMarketCap crypto fear and greed index is at 19 (out of a possible 100), suggesting that many market participants are ready to throw in the towel on Bitcoin (CRYPTO: BTC). Keep in mind: Over the past 15 years, Bitcoin has always been able to rally from dips and major market declines.
Germany’s next chancellor, Friedrich Merz, struck a deal to loosen borrowing limits, unleashing €500 billion for defence and infrastructure. Markets surged, while analysts debated its impact on inflation and ECB rate policy.View on euronews
WASHINGTON (Reuters) -U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy. The deterioration in sentiment and inflation expectations reported by the University of Michigan Surveys of Consumers on Friday was across political party affiliation, with consumers saying "frequent gyrations in economic policies make it very difficult for consumers to plan for the future."