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There was no meaningful recovery for US stocks this week, following their cold shower last Friday. By contrast, Europe actually managed to warm a little through this week. Investors’ shift away from the US continues, and markets are no longer enamoured by...

We end the week on a slightly downbeat note, not borne out of the astounding shifts in US foreign policy, but because US domestic service sector sentiment seems to have sagged. The US 10-year bond yield has dropped back to below 4.5%...

Another dramatic week in global politics had rare and fascinating effects on capital markets. The Trump administration’s apparent plan to negotiate a Ukraine peace deal without European input, but leave European nations to foot the bill and bear the political consequences, is...

The week began with, potentially, a very distasteful pill to swallow. On Friday evening, just before 6pm GMT and after European markets had closed, Trump announced another 10% of tariffs on China and new 25% tariffs on Mexico and Canada, the US’...