U.S. stock futures and European stocks fell collectively, the Swiss franc and New Taiwan dollar declined, and spot gold hovered below $3,300

Although the technology financial reports are good, in the context of Trump’s comprehensive increase of global tariffs, market sentiment is leaning towards risk aversion. The global market has fallen for six consecutive days, setting the longest losing streak since September 2023.

On Friday, August 1, stock markets in multiple countries around the world fell, with the MSCI Global Index down 0.2%, S&P 500 futures down 0.2%, European stocks opening lower collectively, and Asian stock markets down 0.7%.

According to CCTV News, Trump signed an executive order establishing new "reciprocal tariff" rates ranging from 10% to 41%. If any country or region circumvents tariffs through third-party transshipment, a 40% transshipment tax will be imposed on their goods.

The following are the trends of core assets:

U.S. stock index futures fell more than 0.5% across the board.

European stocks opened lower collectively, with the Euro Stoxx 50 Index down 1% at the open, the German DAX Index down 1.1%, the UK FTSE 100 Index down 0.5%, and the French CAC 40 Index down 0.8%.

The Seoul Composite Index in South Korea closed down 3.9%, and the Nikkei 225 Index closed down 0.7%. The Tokyo Stock Exchange Index closed up 0.2%. The Taiwan Stock Exchange Weighted Index closed down 0.5%.

The dollar halted its six-day rise, currently down less than 0.1%. The euro rose more than 0.1%. The yen rose more than 0.1%.

Canada was hit hard by targeted tax increases, with the Canadian dollar down less than 0.1%.

Trump imposed a 39% tariff on Switzerland, impacting Swiss exports, with the Swiss franc slightly down more than 0.1%.

The New Taiwan dollar has fallen for seven consecutive days, marking the longest losing streak since June 2023.

The Korean won's decline against the dollar expanded to 0.9%, the largest drop in nearly a month.

U.S. Treasury yields remained basically flat, with the benchmark 10-year U.S. Treasury yield rising by less than 1 basis point.

Spot gold remained basically flat, while spot silver fell more than 0.5%.

Both WTI and Brent crude oil fell more than 0.1%.

Charu Chanana, Chief Strategist at Saxo Bank, stated that although the market now knows the numbers for the tariffs, there is a lack of a clear policy framework behind them, and the rates appear arbitrary, which will only exacerbate policy uncertainty, making it more difficult for businesses and investors to plan ahead.

Bloomberg Economics predicts that if these tariffs are implemented as planned, the average tariff rate on U.S. goods will rise to 15.2%, up from the previous 13.3%, far exceeding the 2.3% before Trump took office in 2024.

Markets Live strategist Garfield Reynolds stated that this series of tariff measures will impact global trade and economic growth, and may lead to a pullback in the stock market from recent highs. Policies change today and tomorrow, and companies dare not invest, so growth naturally slows down. ** Although most of the tariffs announced this time are lower than the extreme values proposed on April 2, many tax rates lack clear justification, which will only exacerbate the uncertainty of policy fluctuations.

Trump's tariffs take effect, European companies bear the brunt

European stocks opened lower collectively, with the Euro Stoxx 50 index down 1%. European pharmaceutical stocks fell, with Novo Nordisk down 6% and AstraZeneca down over 3%, after Trump threatened to use "all tools" to force drug companies to lower prices within 60 days.