Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

Major stock markets in the Gulf were mixed in early trade on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth.

Futures data from IG suggests regional markets will open higher, with London's FTSE 100 expected to open 34 points higher at 8,902, Germany's DAX up 60 points at 24,580 and France's CAC 40 up 19 points at 7,897. Italy's FTSE MIB is seen opening 60 points higher at 40,934.

The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.

The S&P 500 and Nasdaq Composite pulled back from record levels as investors await President Trump’s new trade deals and tariff updates. Tesla shares sank after CEO Elon Musk jumps back into politics.

Trump’s tariffs and the fast-moving trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Trump called the investigation into the former far-right leader of Brazil a “Witch Hunt that should end IMMEDIATELY.”

Brazilian currency and stocks declined on Wednesday after U.S. President Donald Trump levied 50% tariffs on goods from the country, amid souring relations due to the South American country’s participation in BRICS and the trial of former president Jair Bolsonaro.