Investors on Monday bought dollars, sold stocks and worried about inflation. A scramble ensued to assess the risk of a trade war after Donald Trump put tariffs on top U.S. trading partners. Trump's ordered additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from China. They're set to take effect on Tuesday, and will affect $1.3 trillion of goods, or more than 40% of all U.S. imports. The pan-European STOXX 600 index was down over 1% in early trade, set for its biggest one-day slide this year. And the euro currency also dropped more than 1%
Influencers are promoting binary-trading platforms that have been blacklisted by the RBI. Apart from attracting penalties, investors also have no legal recourse if things go wrong.