The development of the global tariff war remains a major concern in the market until the end of this week.
US President Donald Trump seems to be signaling that there will be more additional tariffs after this.
However, tensions may be eased a little with reports that China is open to negotiations with the US to find a solution to the tariffs from Trump who continues to press with warnings and threats.
Trump confirmed negotiations with China but not directly with President Xi Jinping himself.
If negotiations fail to reach an agreement in the coming weeks, the market is worried that tariff increases could occur again.
Trump reiterated his threat of tariffs on electronics, autos, steel and aluminum.
Internal conflicts in America also stole the market's attention at the end of this week when Trump threatened to fire Federal Reserve (Fed) President Jerome Powell, with discussions reportedly taking place on the matter.
Trump sarcastically said that if he wants Powell to go, it will happen.
In Trump's view, Powell's actions are always slow and delayed in making decisions.
Trump has spoken with Kevin Warsh, a former Fed governor, to fire Powell before his term ends in May 2026 and replace Warsh as the new president.
On Thursday, the focus was on the outcome of the European Central Bank (ECB) policy meeting, which saw interest rates cut by 25 basis points to 2.40%.
According to ECB President Christine Lagarde, the economic outlook is still unclear due to the uncertainty currently engulfing the market.
However, the European economy is still expected to perform well in the first quarter of 2025.
To close this week, the market is expected to move slowly as most major banks are closed in conjunction with Good Friday.
