Wall Street traders were left reeling after Donald Trump made good on his threat to disrupt the modern trading order at the climax of ‘Liberation Day.’ Billed as the biggest shake-up of cross-border commerce in decades, the president unveiled sweeping tariffs Wednesday with a minimum 10% on all exporters to the US. Among the most…
Markets The build-up to US President Trump’s “Liberation Day” is leaving very nasty scars on financial markets. Last Friday’s trading session was full risk-off with European stock markets losing around 1% and key US gauges dropping 1.7% to 2.7%. US indices are ready for/into a new fierce sell-off wave after falling out of the flag…
Trump’s reciprocal tariffs could spur more chaos. US jobs report might show DOGE impact on labour market. Eurozone inflation will be vital for ECB bets as April cut uncertain. RBA to likely hold rates; Canadian jobs, BoJ Tankan survey also on tap. Markets brace for reciprocal tariffs There’s a sense of both optimism and fear…
Summary The Eurozone economy showed a degree of resilience late last year, though some notable policy developments in early 2025 have since had some significant implications for the region’s medium-term outlook. The likelihood of higher tariffs of imports from the European Union should restrain Eurozone growth in 2025, and our GDP growth forecast is unchanged…
The erratic and inconsistent trade policies of US President Donald Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the…
Valuation guru Ashwath Damodaran has spelled out a warning of sorts for India’s growth story as the world, led by the US, takes a more protectionist turn. In his latest blog post, Damodaran said India will face many more hurdles in its path to achieve economic growth, unlike China which relatively had smoother sailing in…
The past week in the currency markets was marked more by consolidation than decisive moves, even as risk aversion deepened in US stock markets. Dollar’s selloff slowed and turned into a modest recovery, but there was no clear momentum for bullish trend reversal. Sentiment remained fragile, weighed down by constantly escalating trade tensions and the…
Even as Donald Trump’s trade war sends the US stock market hurtling toward a correction, the individual investors who rode the bull run to record highs haven’t yet given up their faith. The so-called retail investors poured $7.3 billion into equities in the week through Wednesday, when they boosted exposure to perennial favorites like Tesla…
Trade war gathers pace as Trump slaps tariffs on Canada, Mexico and China. But US dollar starts to wobble as cracks appear in US economy. Growing concerns about Trump’s policies also weigh on US outlook. Not a bluff, as Trump proceeds with tariffs US President Donald Trump went ahead this week with his pledge to…
Summary Consumer price inflation came out of the gate strong in 2025, but price growth looks to have cooled somewhat in February. We estimate headline CPI rose 0.25% and the core index advanced 0.27%. The moderation in the core index is likely to reflect some giveback in a handful of categories that soared in January…