Bassanese Bites: Tariff mayhem – April 07 2025
Global markets Global markets slumped last week, reflecting the much higher than expected suite of ‘reciprocal tariffs’ announced by US President Trump. Markets are now pricing in the very real chance of a US recession unless either Trump relents or the Fed steps in some time …
Bassanese Bites: Liberation Day – March 31 2025
Global markets Global equities weakened again last week as President Trump’s surprise announcement of a 25% global tariff on both cars and auto parts shook market sentiment ahead of this week’s ‘liberation day’. Global markets last week There’s not much else driving global markets at present than US …
Bassanese Bites: Dovish hold – March 24 2025
Global markets Global equities stabilised last week after several consecutive weekly declines, supported by a lack of new tariff announcements from President Trump and a ‘dovish hold’ from the Federal Reserve. Global markets last week When it comes to Trump and the markets these days, no news is …
Bassanese Bites: Announcement effect – March 17 2025
Global markets To reiterate the opening line from the past two weeks, “global equities retreated further last week due to ongoing US tariff concerns.” Markets rebounded on Friday, largely as a result of a quieter day from President Trump. Last week’s major global highlight was US President …
Bassanese Bites: On again, Off again – March 10 2025
Global markets To repeat last week’s opening line, “global equities retreated further last week due to ongoing US tariff concerns and additional evidence of negative effects on the US economy.” Trump’s tariff saga continued to dominate global market sentiment last week. Markets slumped on Monday after Trump …
Bassanese Bites: Will he or won’t he? – March 03 2025
Global markets Global equities retreated further last week due to ongoing US tariff concerns and additional evidence of negative effects on the US economy. Last week’s major global highlight was US President Donald Trump’s ongoing on-again/off-again tariff threats. By the end of the week, the US seemed …
Bassanese Bites: Shell shocked – February 24 2025
Global markets Global equities retreated last week under a barrage of further announcements by US President Trump as well as early signs that his actions may be starting to negatively affect the economy. There was little in the way of major US economic data last week, leaving …
Bassanese Bites: A 0.35% rate cut? – February 17 2025
Global markets Global equities ended the week stronger despite a higher-than-expected US inflation report and also thanks to a delay in planned US tariffs and hopes around proposed Russia-Ukraine peace talks. The underlying resilience of global equities was on display last week as markets shrugged off a …
Bassanese Bites: Reciprocal tariffs – February 10 2025
Global markets Global equities softened further last week reflecting lingering concerns over US tariffs and inflation. Global equities enjoyed a modest relief rally early last week as US President Trump delayed his proposed 25% tariff on Mexican and Canadian imports – following promises by both countries that …
Bassanese Bites: Trade Wars 2.0 – February 03 2025
Global markets Global equities pulled back last week reflecting lingering concerns over the AI outlook, but also Friday’s announcement that the US would impose new tariffs on key trading partners. Global equities are facing an onslaught of challenges at present. First came sticky US inflation and news …