Donald Trump reignited the trade war as he announced tariffs unilaterally for several countries, including the biggest US trade partners Mexico, Canada & the European Union. Financial markets seemed to be unaffected by the news flow, as they remained at all-time highs and Nvidia became the first company to hit a $4 trillion market cap.
This week kicks off Q2 earnings with major Wall Street banks announcing results, as well as release of US CPI data which is likely to have significant influence on the Fed decision to cut interest rates.
