📉 Morning Wrap | 05.04.2025 😟 Wall Street stays under pressure: VIX futures 📈 +1.6% this morning after the worst S&P session since March 2020 – index plunged over 4%! 📉 European index futures are also in the red ahead of key US data: 🕜 Non-Farm Payrolls (13:30 GMT) 🕓 Fed Chair Powell speaks (16:25 GMT) 💶 EURUSD +0.3% 💵 USD Index -0.2% 📉 10Y Treasury yields -6 bps, now under 4% as recession fears mount. 🥇 Gold -0.3% 🥈 Silver -0.55% – both extending losses after a weak session yesterday. 🌏 Asian markets fell to 2-month lows 😨 following Trump’s new tariff threats, triggering a global selloff and a flight to safe havens. 🇯🇵 Japanese stocks hit lowest since August. 💣 Global junk bonds saw the biggest hit since March 2020. 📉 Singapore retail sales YoY: -3.6% (vs -0.2% exp.) 🇨🇭 Swiss unemployment: 2.8% (vs 2.7% exp.) 🇫🇷 Macron urges French firms to pause US investments, pushing the EU to sanction US tech 💻. 🇨🇳 China warns of countermeasures to protect national interests. 🛢️ Oil -0.3% to $69 as OPEC+ tripled May supply increase 🔥 NatGas futures slightly down 🌾 Cotton continues crash: -1.7% today 🌽 CBOT wheat & corn slightly up (+0.2%-0.3%) 🇺🇸 Trump says market reaction was "anticipated" 🗣️ He’s open to a TikTok-China deal in exchange for tariff relief 🎯