Market Reacts to Trump's Tariff Comments

United States market futures experienced a downturn on Friday following remarks by US President Donald Trump. He suggested that imposing tariffs up to 50% a year from now would be considered a "total victory". Additionally, Trump claimed to have made 200 deals with trading partners since announcing tariffs, though specifics were not provided.

Earnings Reports Show Revenue Declines

Amidst the market's reaction to tariff talks, both SLB and Colgate-Palmolive reported decreases in their first-quarter revenues, adding to the day's economic concerns.

Market and Currency Movements

By early morning, the Dow Jones futures had declined by 41% or 167 points, with the Nasdaq 100 and the S&P 500 also seeing losses. The euro traded lower against the dollar, reflecting the broader market unease.