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Global Market Today: Asian shares hesitant, dollar slips amid tariff confusion

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Global Market Today: Asian shares hesitant, dollar slips amid tariff confusion
SYDNEY: Share markets were hesitant and the dollar slid in Asia on Monday as investors waited for some much-needed clarity on U.S. tariffs, while confidence in the entire AI trade was set to be tested by results from tech-diva Nvidia this week.

Oil prices eased ahead of another round of talks between the United States and Iran due in Geneva on Thursday, with the risk of U.S. military strikes lingering if a deal is not done.

Confusion loomed large after the U.S. Supreme Court struck down President Donald Trump’s emergency tariffs, leading him to announce a new 10% rate on the rest of the ‌world, only to then ⁠lift it ⁠to 15% in a move that seemed to surprise some of his own officials.

“The tariff landscape is now more uncertain than before, uncertainty is not good news for any economy or market,” said Rodrigo Catril, a senior FX strategist at NAB.

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“Unless common sense prevails, we could be entering a circular process where new tariffs are announced, then potentially overturned, only for new tariffs to be announced, and we do the dance again.”


It was not yet clear when these tariffs would be imposed, what might be excluded and whether every country would be slapped with 15%. Some, including the UK and Australia, had 10% tariff rates under the former rules, while many countries in Asia had higher rates.
With so much ⁠up in the ‌air, MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.5% in light trade. Japan’s Nikkei was shut for a holiday but futures traded at 56,970 against a cash close of 56,825. South Korea extended its bull run with another 2.0% ⁠rise, having already jumped 5.5% last week to all-time highs.

NVIDIA TO TEST AI MOOD
S&P 500 futures fell 0.3% and Nasdaq futures 0.4% ahead of earnings from Nvidia, which is sure to cause waves given the tech behemoth makes up almost 8% of the S&P 500 index.

The world’s most valuable company is expected to post a 71% rise in earnings per share to $7.76, though estimates range from as low as $6.28 to as high as $9.68. Options imply its shares could shift by at least 6% in either direction on the announcement.

The Treasury market had been sideswiped by the tariff news as it raised the risk the U.S. government would have to repay around $170 billion in revenue. Such an outcome would, on paper, widen the fiscal deficit by half a ‌percentage point to around 6.6% of GDP.

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The holiday in Japan meant cash Treasuries were not trading, but 10-year note futures were down 2 ticks.

The market had also been tugged two ways by mixed data with economic growth badly missing forecasts in the December quarter, but core inflation surprising on ⁠the high side.

That saw the probability of a June rate cut from the Federal Reserve come in to around 52%, from over 60% a week ago, and left the dollar firmer on the week.

Early Monday, the dollar was under pressure amid speculation the chaos over U.S. trade policy could reinforce the “sell America” theme evident in markets in recent months.

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The dollar eased 0.4% on the Japanese yen to 154.36, while the euro added 0.4% to $1.1826. The dollar also dipped 0.5% on the Swiss franc to 0.7718.

In commodity markets, gold gained a safe-haven bid and firmed 0.8% to $5,143 an ounce. Silver gained 2% to $86.24 per ounce, after climbing almost 8% on Friday. [GOL/]

Oil prices were choppy, having gained last week as Trump said the U.S. military could strike specific targets in Iran if a nuclear deal was not agreed on. [O/R]

Brent edged down 0.6% to $71.29 a barrel, while U.S. crude lost 0.8% to $65.95 per barrel.

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Why the average age of a first-time buyer has risen

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Why the average age of a first-time buyer has risen

The average age of a first-time buyer in England has risen from 29 to 34.

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Gaffney, APEI SVP, sold $150k in stock

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Gaffney, APEI SVP, sold $150k in stock

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Angelina Jolie Eyes Life Abroad After Oscars Absence, Amid Ongoing Winery Dispute with Brad Pitt

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Brad Pitt and Angelina Jolie

LOS ANGELES — Angelina Jolie skipped the 2026 Academy Awards earlier this month, a decision sources close to the actress described as unsurprising given no eligible projects and her shifting priorities away from Hollywood’s spotlight. The Oscar winner, who last attended the ceremony in 2024 for her directorial work, instead focused on personal transitions, including plans to relocate abroad later this year as her youngest children approach adulthood.

Brad Pitt and Angelina Jolie

Jolie, 50, has been candid about feeling disconnected from the United States in recent interviews, stating she no longer “recognizes” the country due to changes in freedom of expression and social climate. Sources told People magazine in late 2025 that she is “excited” about moving overseas once custody arrangements with ex-husband Brad Pitt allow greater flexibility. Her twins, Knox and Vivienne, turn 18 in July 2026, potentially freeing her from Los Angeles residency requirements tied to the long-running divorce.

The actress listed her historic $25 million Cecil B. DeMille estate in Los Angeles for sale after renovations, with pre-qualified buyers touring the property. Plans call for splitting time between New York—home to her sustainable fashion venture Atelier Jolie—and Europe or Cambodia, where she holds citizenship and has deep humanitarian ties through her work with refugees.

Jolie’s humanitarian efforts remain central. Recent reports noted her visits to conflict zones, though specifics on 2026 activities were limited. Her UNHCR ambassadorship continues to drive advocacy, often drawing her away from entertainment circles.

Professionally, Jolie is in a transitional phase with new projects gaining traction. Her latest film, “Couture,” a fashion-world drama directed by Alice Winocour, was acquired by Vertical for North American theatrical release later in 2026 following its world premiere at TIFF in 2025. Jolie stars as Maxine, a filmmaker facing breast cancer who enters a romance during Paris Fashion Week chaos. The ensemble includes Louis Garrel, Ella Rumpf and newcomer Anyier Anei, exploring themes of women’s resilience, solidarity and shared struggles across cultures and professions.

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Rumors of a real-life romance between Jolie and co-star Garrel surfaced after public dinners, but sources close to the actress told TMZ on March 2 that the pair are not dating. “It’s strictly professional,” one insider said, emphasizing her focus on work and family post-divorce.

Jolie has not been in a relationship since finalizing her divorce from Pitt in December 2024 after an eight-year legal battle, according to a source cited by People. “She’s too busy focusing on her work and her six children,” the source said. “She hasn’t had a boyfriend.”

Family dynamics drew attention when eldest son Maddox dropped “Pitt” from his last name in credits for “Couture,” where he contributed to production. The move, reported in late February, fueled speculation about strained ties, with some Pitt associates claiming it reflected Jolie’s influence. Maddox, now in his 20s, has increasingly aligned with his mother’s projects.

The divorce settlement, reached after years of custody, property and winery disputes, has not fully quelled tensions. Brad Pitt is pushing to depose Russian businessman Yuri Shefler regarding dealings related to their French winery, Château Miraval, according to court documents obtained by TMZ on March 17. The ongoing litigation centers on ownership and sales rights, with Pitt seeking clarity on transactions involving the multimillion-dollar asset. Sources described Jolie as “mentally drained” by the protracted fight, which has spanned nearly a decade since their 2016 separation.

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Despite personal challenges, Jolie’s career shows momentum. She is reuniting with “Mr. & Mrs. Smith” director Doug Liman for an untitled spy thriller, signaling a return to high-profile acting. Additionally, “Sunny,” an action-thriller directed by Eva Sørhaug and inspired by mafia classics, is in production, marking her first action role in years after projects like “Eternals” and “The Eternals” in 2021.

Atelier Jolie continues to thrive as a platform for ethical fashion, blending Jolie’s advocacy with creative output. The New York-based collective emphasizes sustainability and artisan collaboration, reflecting her shift toward entrepreneurial and philanthropic endeavors over traditional stardom.

Jolie’s evolution from blockbuster star to multifaceted figure—actress, director, humanitarian and businesswoman—defines her 2026 chapter. Skipping awards season aligns with her preference for privacy and meaningful work amid life changes. As she prepares for potential relocation, upcoming releases like “Couture” and ongoing advocacy suggest she remains influential, even from afar.

With children growing independent and legal battles simmering, Jolie appears poised for a new era prioritizing global perspectives over Hollywood drama.

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Who is Atanu Chakraborty and why did HDFC Bank lose Rs 1 lakh crore?

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Who is Atanu Chakraborty and why did HDFC Bank lose Rs 1 lakh crore?
Dalal Street witnessed a sharp selloff on Thursday, led by a steep fall in HDFC Bank, India’s largest private lender. The share price plunged by up to 9%, erasing over Rs 1 lakh crore in market value in a single session and marking its worst single-day decline since March 2020.

The trigger was the resignation of part-time Chairman and independent director Atanu Chakraborty. In his letter, Chakraborty cited developments and practices at the bank over the past two years that did not align with his personal values and ethics. “This is the basis of my aforementioned decision,” he wrote.

He highlighted that his tenure coincided with key milestones, including the merger with HDFC, which transformed the institution into one of the largest financial conglomerates in the country. While he also noted that the full benefits of the merger are yet to materialise, the move cemented HDFC Bank’s position as the second-largest lender in India.

A near 9% fall in a heavyweight like HDFC Bank underscores the significance of the development and the influence of the individual at the centre of it. Here’s a closer look at Atanu Chakraborty.

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Atanu is a retired 1985-batch IAS officer from the Gujarat cadre, who served as the Economic Affairs Secretary in the Ministry of Finance, Government of India, until his retirement in April 2020. He has also represented India as an alternate Governor on the World Bank Board and was a member of the Central Board of Directors of the Reserve Bank of India. His appointment as Union Economic Affairs Secretary was approved by the Appointments Committee of the Cabinet.


He holds a BTech degree in Electronics and Communication Engineering from the National Institute of Technology, Kurukshetra. He further pursued a postgraduate diploma in Business Finance from ICFAI, Hyderabad, and completed his MBA from the University of Hull in the United Kingdom.
HDFC Bank moved swiftly and appointed Keki Mistry, former CEO of HDFC, as interim part-time chairman with approval from the Reserve Bank of India. Following the development, the lender organised a conference call.

What did Keki Mistry say?

Addressing analysts a day after the surprise exit, interim chairman Keki Mistry said there was “no power struggle within the bank” and stressed that the board had not witnessed any kind of complete difference in opinion in its meetings.

“None of us is aware of the issues raised by Chakraborty in [his] letter,” Mistry said, adding that there had been no discussion regarding governance within the board.

Mistry added that the lender’s leadership remained aligned, dismissing suggestions of internal discord. The management team does and will continue to work cohesively, he said, adding that there has been no discussion regarding governance within the board.

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Mistry added, “I would never remain on the board if there were any governance issues,” while asserting that the institution remained “very, very strong on ethics.”

The interim chairman also sought to reassure investors and stakeholders, saying there were no material matters at this point in time and that the board remained committed to safeguarding investor confidence.

Mistry also emphasised that the resignation had no bearing on the bank’s business performance. “What happened yesterday has nothing to do with operational profitability,” he added.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Real estate could be the big winner in the private credit exodus

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Real estate could be the big winner in the private credit exodus

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Big fall in Welsh unemployment shows latest ONS figures

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However, the ONS said the estimates need to be treated with caution

Wales has seen a fall in unemployment.(Image: PA)

Unemployment in Wales has fallen well below the level for the UK as a whole, although economic inactivity remains a sticky issue,

Latest figures from the Office for National Statistics show that from November to January the unemployment rate felll on the previous quarter by 2.6% to 3.5%. For the UK as a whole unemployment was up 0.1% to 5.2%.

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However, the ONS says that increased volatility in its Labour Force Survey, as a result of small sample sizes, means that estimates of changes should be treated with “additional caution.” The Welsh Government, while the latest figures are relatively favourable for Wales, said due to their reliability they rely more on the Annual Population Survey, which shows unemployed in Wales at 4,5%, slightly above the UK level.

The latest ONS figures show that in England the unemployment in the three months to end of January was 5.4%, Scotland 3.9% and Northern Ireland 2.2%. The highest rate amongst the UK’ nations and regions was London, 7.9% followed by the north east, 7.1%.

The number of people unemployed in Wales was 54,000, down 40,000 on August to October, 2025. For the UK as a whole it was up 37,000 to 1.86 million.

READ MORE: Fall in equity investment deals in Wales shows new researchREAD MORE: Cardiff Airport sees rise in passengers but still behind pre-pandemic levels

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The employment rate in Wales was 71.9%, below the UK as a whole at 75.1%. Of the UK nations and region the employment rate was only lower than Wales in Northern Ireland at 71.6%. Wales also had the second highest economic inactivity level at 25.54% (496,000 people). Only in Northern Ireland, at 26.7%, was it higher. For the UK as whole economic activity levle was 20.7%.

For the UK as a whole, youth unemployment shot up to 14.5% for 18 to 24-year-olds in the latest period, reaching the highest level since early 2015, though the rate fell for 16 and 17-year-olds, to 29.3%.

But the overall jobless rate was lower than expected, with most economists having forecast a rise to 5.3%, while there was also a 20,000 estimated increase in workers on payrolls last month.

ONS director of economic Statistics Liz McKeown said: “Labour market conditions were little changed at the start of the year. The number of workers on payroll rose slightly in the latest month but, overall, the recent picture has been broadly flat. Unemployment remains at the rate reported last month, up on the quarter and the year, while the number of vacancies remains largely stable, with declines among smaller firms being offset by rises among larger ones.

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Regular wage growth is at its lowest rate in more than five years, with pay growth in both the private and public sectors continuing to ease.”

A spokesman for the Welsh Government said: “Evidence from a range of sources suggest the labour market in Wales has followed similar trends to the UK since the pandemic. Latest figures from the Annual Population Survey (APS) show the unemployment rate for people aged 16 and over in Wales was 4.5% compared to the UK rate of 4.2%. It also shows Wales’ employment rate is relatively close to the all-time high.

“We have rolled our sleeves up to deliver for businesses, communities, and thousands of workers across Wales as we build a stronger, fairer, and greener economy – supporting more than 50,000 jobs this Senedd term through business programmes.

“As we’ve said before, we’re quoting the Annual Population Survey because of concerns about the reliability of Labour Force Survey data. In fact, the Office for National Statistics (ONS) itself advises caution when taking these statistics as the only measure of the labour market in Wales. For greater accuracy it is recommended that a range of sources are used, while the ONS develops a new survey.”

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Needham raises Red Cat Holdings stock price target on Ukraine opportunity

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Needham raises Red Cat Holdings stock price target on Ukraine opportunity

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Why gas prices are soaring after Qatar attack

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Why gas prices are soaring after Qatar attack

Analysts fear the disruption to supply could continue for longer than initially thought.

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These 9 smallcap multibaggers of 2025 fall up to 30% in less than 3 months

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The Economic Times

After strong 2025 multibagger gains, several small-cap stocks corrected 10–30% in early 2026 amid global uncertainties, geopolitical tensions, and rising crude prices, highlighting their high-risk, high-reward nature for investors.

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Petrobras: Compelling Valuation At Current Price Level

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Petrobras: Compelling Valuation At Current Price Level

Petrobras: Compelling Valuation At Current Price Level

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