S&P 500 continues to slide, while Walmart warns of tariff impact

US stocks extended their losses amid trade tensions and mixed corporate earnings. Stronger-than-expected PMI data and warnings from Walmart, the US retail giant, that Trump's tariffs are driving up costs, have heightened inflation concerns and lifted yields. As markets are looking for direction, investors eagerly await Federal Reserve Chairman Powell's keynote speech at Jackson Hole, seeking guidance on future interest rates. Tim Gagie, Head of FX/PM Solutions Geneva, discusses what this means for the US dollar and in which currencies he sees opportunities.

• (00:00) - Introduction: Helen Freer, Product & Investment Content
• (00:24) - Markets wrap-up: Jan Bopp, Product & Investment Content
• (06:22) - FX and metals: Tim Gagie, Head of FX/PM PB Geneva
• (10:47) - Closing remarks: Helen Freer, Product & Investment Content

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