Consolidating while awaiting tariff clarity

Written by Jimmy McGiv

Orlando, Florida (Reuters) – Trading Day

Pay the late raising Nasdaq to make a first profit in 5 weeks

Several major central banks in the world have sent a strong message this week that the uncertainty caused by US president Donald Trump’s commercial wars prove growth, destruction of inflation, and a significant reduction in the interest rate expectations.

It is a largely irreparable environment for investors to move, as it is clear that there is no clear trend throughout global markets this week.

The MSCI World Equity Index picked up a four -week loss chain to 0.7 %, S&P rose by 0.5 %, and NASDAQ got an increase of 0.17 % – only avoid its worst operation since 2022 Bear Market – while European stocks gained more than 1 % for a week in five weeks.

High -return credit differences in the United States were tightened from the sides of the previous week for six months, but gold rose, while the treasury revenues rose to a decrease, but the dollar is worn above.

Those who hope to get more clarity on the fronts of policy, policies or data may be disappointed – the whole trading can be messy and lack the direction, especially with the end of the quarter.

Not only that the end of the quarter waving on the horizon – attention also turns to April 2, when President Trump is expected to announce more customs tariffs, including mutual fees in many countries.

As policy makers explained this week, uncertainty weighs companies and consumers, and may put freezing in investment, employment and spending. Investors may decide to put their plans on ice.

One of the most powerful investment trends this year is to re -customize the capital from Wall Street to the market abroad. American stocks have led to the rest of the world with about 13 percentage points.

Europe was especially beneficial from these flows due to the transformation of the historical fiscal policy of Germany, which may significantly enhance German growth – the eurozone. But what is the amount of juice remaining in this via via illegal swing and the opposite of the “American exceptional” trade, at least in the short term?

Christine Lagarde, President of the European Central Bank, warned that immediate expectations are dark thanks to the commercial fog. On Friday, the United States, the Federal Reserve officials, Austan Golsby and John Williams, made the recession warnings by the US Central Bank earlier in the week.

Next week is to be nervous. Fog.

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