Global financial markets experienced volatility amid ongoing US-China trade tensions and shifting tariff policies. The US dollar remained steady, with periods of depreciation against major currencies, as traders responded to uncertainty over potential new tariffs and the possibility of renewed negotiations between Washington and Beijing. US tariffs on Chinese goods stand at 145%, while China has imposed 125% tariffs on American products. The Mexican peso saw notable movements, initially appreciating to as low as 19.93 per dollar and gaining 0.94% on April 15, supported by US tariff exemptions on electronics and speculation about dialogue between the US and China. The peso later lost ground, closing at 20.10 per dollar, and recorded a 0.50% gain to 19.9720 per dollar during the session. Over three days, the peso returned more than 2% and was the best performer in a Latin American currency basket, briefly reaching 21.08 per dollar last week. On April 16, the peso opened at 20.04 per dollar, reflecting a 0.41% appreciation from the previous session, while the official exchange rate was set at 20.0213 per dollar. Major Mexican banks quoted the dollar between 20.35 and 20.60 pesos. The peso outperformed most Latin American peers, with the Brazilian real being an exception, as global markets remained cautious. The Mexican Stock Exchange (BMV) posted a 0.48% gain, and the FTSE Biva index also advanced, led by América Móvil, which rose 2.14%, and Banorte, up 2.12%. Wall Street indices closed slightly lower; the Dow Jones fell by 155 points, and the S&P 500 and Nasdaq also declined marginally, weighed down by tariff uncertainty and declines in consumer and healthcare shares. Bank of America and Citigroup shares rose on earnings reports. Oil prices remained subdued, with Brent crude settling at $64.67 per barrel and WTI at $61.33 per barrel on April 15, both down 0.3%. By April 16, Brent dropped further to $63.44 and WTI to $60.06. The International Energy Agency cut its 2025 global oil demand growth forecast to 726,000 barrels per day, and OPEC also revised its outlook downward. Rising US crude inventories and the Nvidia H20 export ban contributed to market caution. Russia's oil earnings fell to their lowest level since mid-2023, with exports declining for a third consecutive week to 3.13 million barrels per day and weekly revenues dropping to $1.29 billion, down $80 million. The US-China trade war and resulting tariffs have contributed to lower global oil prices and increased market uncertainty. In Europe, stock markets declined as the negative impact of US tariff hikes was factored into corporate earnings forecasts. Companies such as ASML reported weaker sales projections, attributing uncertainty to tariff policy. The Euro Stoxx 600, DAX, FTSE 100, and CAC 40 all posted losses.