Trade war escalation weighs on markets

Edmond de Rothschild Asset Management provides an in-depth market update on the latest geopolitical and macroeconomic developments affecting global investments.

Key Insights:

• US & European Equities Decline: Market volatility surged as US indices dropped sharply, while European stocks retreated due to tax reform uncertainties in Germany.
• Trade War Intensifies: The US reinstated 25% tariffs on European steel and aluminum, while threats of further tariffs on European spirits added pressure.
• Bond Market Movements: European yields climbed on deficit concerns, while US Treasury yields remained stable but with a steepening curve.

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