United States
Bullion prices slipped by as much as 2.7 percent before paring some losses on Monday
The exchange rate closed at EGP51.19 to $1, up from EGP50.66
S&P 500 futures fell 3.5 percent, Nasdaq futures dropped 4.4 percent, increasing total market losses to $6 trillion
Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added
Georgieva stated the IMF will assess tariffs during meetings from April 21-26
China also announced controls on exports of medium and heavy rare-earths to the U.S., effective April 4
Imports held steady at $401.1 billion in February after a sharp increase in the prior month
Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.
Retaliation, a slide in U.S. business sentiment and supply chain disruptions could magnify the impact of tax hike
