Tariff ‘stick’ to be followed by ‘fiscal’ carrot?
As most of us are aware, markets have recently been taking one step forward, one step back and this week was no different. Equity markets started with a bit of positivity amid talk that Trump’s April 2nd tariff “Liberation Day” was going...
Bracing for tariff “Liberation Day”
Capital markets were calmer for most of the week, with a little turbulence into the end. Up until Thursday close, stock prices moved higher and measures of intraday volatility fell somewhat, largely thanks to fewer signs of policy upheaval from the US...
Just another growth scare or more?
Following the pause last week, the stock market sell-off unfortunately resumed this week. Global government bonds unhelpfully joined the downdraft as bond yields edged up. Equity markets are generally only slightly lower in Sterling terms but, for the third week in a...
The return of regional divergence
At the time of writing, global stocks in aggregate are around where they were a week ago in local currency terms, but the fall in the US Dollar means the Bloomberg World index is about -3% in Sterling terms. Once again, the...