Tariffs? What tariffs?
Stocks have shrugged off the myriad concerns of last week, and, led by big tech, have made a solid start to the week, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Stocks rise despite new tariff threats
Had an investor just woken up from a month asleep, it would seem that there wasn’t much to worry global markets right now. Friday’s inflation panic and tariff jitters have been entirely forgotten over the weekend. This Monday is very different from its two predecessors. Two weeks’ ago saw the DeepSeek AI news roil markets, and a week ago it was the Mexico/Canada/China tariffs, but the third time has been the charm for investors, who have surged back into the market despite recent developments. As ever, markets climb the wall of worry.
Gold at yet another record
Gold’s procession of record highs has become an almost daily occurrence. Tariff fears and inflation worries continue to burnish the safe-haven angle, while today’s softer dollar has made the path higher much smoother. Oil prices have gained too, but after three weeks of losses it is far from clear that the downward move is over. Traders await any news of the administration’s plans to ‘drill, baby, drill’, which risk another slump for the commodity.
Reprinted from FXStreet，the copyright all reserved by the original author.
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