Global Markets Reel in Quarter Marred by Trade War, Growth Risk

A roller-coaster quarter for markets is ending with little relief, as President Donald Trump’s disruptive trade policies and rising stagflation fears drive investors toward risk aversion.

Stocks tumbled on Monday, with a gauge of global equities set for its worst quarterly performance since 2023. Amid a search for havens, a Bloomberg gauge of US government bonds has risen 2.6% year-to-date, while gold continues to hit record highs.