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Weekly Markets Monitor: Policy bear not hibernating
Trade deals and tariffs, coupled with weak US labour market data, dominated sentiment last week, while both the Fed and Bank of Japan held rates steady as they monitor the impact of tariffs on prices. • Global equities ended the week lower, weighed down by weak economic data and renewed trade policy tensions. 10-year US Treasury yields declined, the US dollar strengthened, and oil prices fell. • Gold continues to hold key support amid US Job market weakness and intensifying expectations of future rate cuts (p6 & appendix). Gold’s jump and risk assets’ drop post labour market data and the dismissal of the BLS ... (full story)