Overview

• European and Asian stock markets saw declines, with Europe's STOXX 600 on track for its first weekly loss of the year and Japan's Nikkei hitting a six-month low.
• U.S. President Donald Trump temporarily suspended some tariffs on Canadian and Mexican goods, adding to ongoing unpredictability in trade policy that has unsettled markets.
• The European Central Bank announced another interest rate cut but warned of significant economic uncertainty, including inflation risks and geopolitical tensions.
• The euro surged to its strongest weekly performance since 2009, while perceived safe-haven assets like gold and the yen gained amid risk-averse sentiment.
• Investors are closely watching upcoming U.S. nonfarm payroll data and a speech by Federal Reserve Chair Jerome Powell for insights into the economic outlook and interest rates.