A month after Donald Trump’s inauguration, we look at how assets have performed since he won the elections and discuss the Chinese surprise. Many market developments have unfolded as written in the “Trump trade” playbook,...
The announcement that the US administration was conducting peace negotiations with Russia on Ukraine came as a surprise. It was not so much the fact that Trump wants to stop the war in Ukraine – he was vocal about that during the...
Last week was intense for investors as Trump fired his first tariff salvo against Canada, Mexico, and China, while threatening Europe. Interestingly, a week later, equity markets have barely moved and US10Y rates ended slightly down for...
Trump rattled global markets in announcing trade tariffs last Friday. He threatened Mexico and Canada with 25% additional trade tariffs on goods (except for Canadian oil products at 10%); and China with 10% additional tariffs. Europe was...
Is the tide turning in Europe? Overseas investors will probably need to see more good news before turning positive on European equities. But preliminary PMIs released last week in the euro area point to improving business conditions in...
In a context where US inflation came in below expectations for December, bond markets rebounded after difficult weeks which saw 10-year Treasury yields approaching the 5% psychological threshold. The relief in bond yields also took place...
