Digest | 27 March 2025
- Edward von der Schmidt
- Mar 27
- 3 min read
Updated: 5 days ago
Global equity markets drifted lower on light volumes and gold climbed to record highs against mixed dollar performance Thursday. Proposed US vehicle and component tariffs weighed on the auto sector as the possibility of Canadian and EU responses prompted warnings from the White House. European allies and other NATO members discussed next steps in their support for Ukraine with agreement on the need for continued sanctions against Russia. In the US, where HHS layoffs and reorganization were announced, the CBO warned of long-term consequences to weak population growth and burgeoning government spending and borrowing.