Triple Threats Loom Over Markets Amid U.S.-Canada Trade Tensions and Currency Intervention Plans

Phyrex posted on X. This week, three significant challenges have emerged that could impact global markets. Firstly, U.S. President Donald Trump has threatened to impose a 100% tariff on Canadian goods, potentially prompting retaliatory measures from Canada and China. Secondly, there are plans for the United States and China to jointly intervene in Japan's currency, which may cause concern among carry trade investors. Lastly, the probability of a U.S. government shutdown on January 31 has risen to 78%, raising fears of a repeat of the October shutdown. These developments are expected to influence U.S. stock futures and the broader stock market upon opening.