Morning Report 06 Mar 25: Dow rebounds by 500 points after Trump delays auto tariffs

Wall Street experienced a recovery after President Trump postponed Canada and Mexico tariffs by one month, boosting investor sentiment. He also unveiled ambitious plans for the shipbuilding industry. Foot Locker shares surged on strong earnings, while U.S. private payroll growth slowed sharply in February. Meanwhile, the euro reached a four-month high following Germany’s new infrastructure fund announcement. In commodities, copper stocks rallied after Trump signalled a 25% tariff, while Brent crude prices slumped to a three-year low. Looking ahead, Aussie shares are expected to recover from a 10-week low. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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