The week in review saw tariff uncertainty continuing to weigh on markets as negotiations with the US linger. Trump announced increased tariffs on Canadian imports and hinted at raising tariffs on other countries. Despite the news, markets reacted calmly, with major indexes poised for slight drops. Earnings season is on the horizon, and investors are eager to see how trade issues have impacted businesses. In the Asia Pacific region, China’s trade data is expected to show growth, while Japan’s exports may rebound. Economic data from Europe, the UK, and the US will also be closely monitored, especially US inflation and Euro Area production trends. Gold prices benefited from tariff news, with technical analysis suggesting potential further gains.
Source: FinancialJuice, LSEG, MarketPulse.
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