Trade war rattles markets! US-China tensions spiked this week as tariffs soared – 125% on US goods entering China, 145% on Chinese imports to the US. The unprecedented tariff levels triggered widespread market uncertainty and net risk aversion behavior once again.
Gold was a clear winner, jumping above $3,340, while the dollar fell again. Treasuries yields dropped as bonds recovered, likely signaling their focus on growth fears over inflation. Stocks swung wildly, with tech taking a hit on trade headlines.
Central banks are now signaling potential policy shifts as they assess the fallout. Investors are trying to make sense of it all and figure out the long-term impact. Can it get any more complex?!
Let’s examine the key developments that shaped a shortened Easter holiday week in global markets.
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