Stocks make little progress, gold rises as tariff news looms
U.S. equities were barely changed while European stocks fell on Wednesday and safe-haven gold was in demand as investors anxiously awaited details of U.S. President Donald Trump's tariff plans and worried about an intensifying global trade war. Investor focus on Wednesday was firmly on reciprocal levies the White House is due to announce after the U.S. stock market close, in what Trump has called America's "Liberation Day." Trump is expected to add new trade tariffs that take effect immediately, adding to already imposed levies on aluminium, steel and autos, along with increased duties on all goods from China that have rattled markets as fears grow a full-blown trade war could trigger a sharp global economic slowdown.