Morning Report 04 Apr 25: Global equities plunge as investors respond to Liberation Day tariffs

The US market has experienced a significant sell-off, erasing $2 trillion in value as investors reassess growth prospects and company earnings. Stock markets worldwide have plunged, with global manufacturers leading the declines. Major names such as Nike, Apple, Amazon, and Starbucks have suffered double-digit losses, reflecting widespread uncertainty. Interest rates have fallen to their lowest level since October, while oil prices have retreated amid fears of a global recession. Closer to home, futures indicate further declines for the ASX 200, though the Australian dollar has shown resilience despite the broader market downturn. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.