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 by markets.

However, most of the news flow from financial markets over the near future is likely to be drowned out by the uncertainty around the imposition of tariffs announced by the Trump administration and the consequences of the same.