Global markets are trading in a slightly nervous fashion as they brace themselves for a potential correction in US tech stocks. So far, the correction has been modest compared to the 25% fall in bitcoin, but events over the next 24 hours will have a say in whether moves extend. We'll have FOMC minutes, Nvidia earnings and the September jobs reporta
A sudden surge in scrutiny of US regional banks is hitting equities and the dollar, which, incidentally, faces the negative drag of a dovish Fed repricing, some hopes for a Ukraine truce, falling oil prices, and ongoing US-China trade tensions. It’s hard to pick a bottom in the ongoing USD sell-off, which may well run a bit further from her
Latest round of tariffs will come into effect on 5 and 9 April. Donald Trump announced the imposition of a 10% baseline tariff on all imports to the United States from 5 April. For countries with which the United States has the biggest trade deficits, higher, individualised reciprocal tariffs will take effect on 9 April.
