Market Commentary

The week got off to a roaring start, following two days of talks in Switzerland where the U.S. and China agreed to a 90‑day, reciprocal tariff rollback. Beijing cut duties…

The UK announced on Thursday that it had closed the first deal with the US since Trump’s trade war began. The deal included the tariffs on British steel imported to…

The U.S. equity market is continuing its bounce, with the S&P 500 advancing for eight consecutive trading days (likely nine if it finishes up on Friday, which looks likely). Investor…

The topic de jour in markets over the last couple of weeks has been the disconnect between US Treasury yields and the dollar. Typically, higher yields should attract foreign capital, …

It’s been an incredible week for markets. Monday was dubbed ‘Manic Monday’ in a few corners of the financial world. The S&P 500 opened sharply lower, down 4.5%, before a…

Summary of the tariffs The US has introduced a sweeping 10% blanket tariff on all imports, with additional ‘reciprocal’ tariffs aimed at countries with large bilateral trade surpluses or perceived…

Despite Trump rattling markets with news of 25% tariffs on carmakers on Wednesday, the biggest event of the week for us in the UK was the Spring Statement (not officially…

Rachel Reeves delivered her Spring Statement this afternoon. The chancellor had been clear that this was not intended to be a full‑blooded budget, reiterating that she was aiming for only…