Today's News Update - 3rd March 2025 Asia Asia-Pacific markets declined on Friday after U.S. President Trump confirmed that tariffs on imports from Mexico and Canada would take effect next week. Australia’s S&P/ASX 200 dropped 1.16%, closing at 8,172.4. Japan’s Nikkei 225 fell 2.88% to close at 37,155.5, and Hong Kong’s Hang Seng lost 3.55%. Mainland China’s CSI 300 dropped 1.97%, ending the day at 3,890.05. US Stocks rose on Friday, ending a volatile week and a losing month for major indexes. The session briefly pulled back after a clash between President Trump and Ukraine’s President Zelenskyy in the Oval Office, raising concerns over geopolitical tensions. The S&P 500 gained 1.59%, closing at 5,954.50. The Dow Jones added 601.41 points, or 1.39%, to finish at 43,840.91. The Nasdaq climbed 1.63%, closing at 18,847.28. Commodity Gold prices fell over 1% on Friday as the dollar held near two-week highs after U.S. inflation data met expectations, suggesting the Federal Reserve may take a cautious approach to further rate cuts. Spot gold dropped 1% to $2,846.96 an ounce, with a 3% loss for the week, its biggest weekly decline since November. U.S. gold futures fell 1.3% to $2,858.90. Oil prices also declined around 1%, marking their first monthly drop since November, amid concerns over new tariffs and Iraq resuming oil exports from Kurdistan. Brent crude futures fell 86 cents, or 1.16%, to $73.18 a barrel, while U.S. West Texas Intermediate crude dropped 59 cents, or 0.84%, to $69.76 a barrel. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex