Tariffs and tech weigh on sentiment

Tariffs are back on the table after President Trump confirmed yesterday that the delayed tariffs on Mexico and Canada will take effect on 4 March, while China will face an additional 10% tariff on top of existing levies. While investors are still wondering if this is just a negotiating tactic or not, stock markets were broadly lower yesterday and overnight. Meanwhile, Nvidia had to say goodbye to the exclusive USD 3 trillion market capitalisation club, as its shares plummeted despite a robust earnings report. Today, all eyes are on the upcoming release of the US PCE price index release – the Federal Reserve’s preferred measure of inflation. Joining us today is Thomas Caflisch, Head of FX & PM Solutions, with a deep dive on currencies.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Lucija Caculovic (Investment Writing)

07:39 FX and metals: Thomas Caflisch (Head of FX & PM Solutions)

10:40 Closing remarks by Helen Freer (Investment Writing)

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