Global markets endured heightened volatility on Thursday following President Trump's surprise announcement of a90 day suspension of tariffs for most countries, excluding China. The European Union responded by delaying theimplementation of its reciprocal measures
In the euro area, equity markets posted strong gains, sovereign yield curves flattened, and peripheral spreadsnarrowed, reflecting improved risk appetite. Conversely, in the US, despite weaker than expected March inflation data(2.4% YoY vs. 2.8% prior), sharp escalation in tariffs on Chinese imports, raised to revived recession fears. USequity markets saw pronounced losses, while the dollar weakened across the board. Brent crude slipped to $63 perbarrel, marking a four year low
Today, the University of Michigan’s consumer sentiment for April will be released
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