Newsletter

US markets remain under pressure due to uncertainty around Trump’s actions and its effects on the economy. Investors look forward to “Liberation Day” when US announces its overall strategy on trade and tariffs. Europe and China have a much better run, but face their own risks and challenges. We continue to advise a nimble approach […]

The trade war continues to escalate and pressure markets with US indices continuing losses into the 4th week with some respite seen on Friday due to a US government shutdown being averted. US released February inflation data that calmed some nerves and the yellow metal touched the $3,000 level for the first time.

US markets continue to fret amidst uncertainty around actions of the current administration with markets entering correction territory. The job market remains relatively stable however unemployment rate ticked up in February. Europe sees significant fiscal stimulus on the horizon with the incoming German administration announcing ambitious plans. Beijing announced their 2025 GDP growth targets while

US markets closed the week in red after economic data pointed to slowing business activity and further weakening in consumer sentiment. Adding to the gloom was weak guidance shared by Walmart, which is considered a proxy for the health of the US consumer. Musk’s DOGE continued its aggressive firing spree as the US announced plans

Markets fluctuated amid U.S. inflation data and the ongoing tariff policy uncertainty. Bonds saw heightened intraweek volatility. Chinese stocks rose on AI optimism and an Alibaba-Apple partnership, contrasting with India’s slump from foreign outflows and valuation concerns.

Last week saw several US economic data releases and earnings releases from major players. However, these events were overshadowed by Trump’s announcements which ranged from tariffs on 3 of their biggest import origin countries, a last-minute course reversal on 2 of them, suggesting a takeover of the Gaza strip, and ending the week with an

US stocks bounced back after the shock from the DeepSeek news early in the week, driven by strong Q4 earnings, particularly from tech stocks. Three of the world’s leading Central Banks announced interest rate decisions. In India, the government announced its budget for the next year, which has several growth-oriented initiatives and was received well

Major U.S. stock indexes rallied for the week, driven by optimism ahead of Trump’s inauguration on Monday. Investors were encouraged by strong bank earnings and positive economic data, resuscitating bets on interest rate cuts in the months ahead. The 10-year Treasury yield settled around 4.6%, while Bitcoin surpassed $100,000, boosting crypto-related stocks.

A surprisingly strong US jobs report fed into fears of sustained inflation, sending Treasury yields soaring and stock prices plummeting. Interest rate cut expectations have been pared to one or two cuts in the second half of the year. Meanwhile,  Chinese markets are bracing for the potential impact of the incoming Trump administration and weak

The S&P 500 did not experience a Santa Claus rally this year. Historically, without the rally, the index’s January return has been 5% average full-year return, based on data since 1950. Oil prices & Chinese stock markets have been the biggest movers year to date as Trump tariffs and the Chinese response take centre stage.