Insights

Weekly Market Commentary – 11th April

14 April 2025

This week the wild ride for markets continued as stocks, bonds and currencies were driven by the rapidly changing news about US tariffs. After resuming their slide at the start of the week, global equity markets jumped on news that the highest tariffs would be delayed by 90 days. Did Donald Trump blink in the face of market turmoil, or does he think the threat of higher tariffs has done its job by forcing countries to the negotiating table? The relief did not last as stocks resumed their slide as the dollar index fell below 100 for the first time in three years. One area of concern is the extreme volatility in US government bond markets and the surge in US treasury yields, despite the threat of recession.