Risk appetite bolstered by tariff reports
|Hopes of a more selective approach to new tariffs by the incoming US administration meant that stocks enjoyed a good start to the week, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Stocks rise as Trump mulls tariff change
Stocks have made solid gains around the world today on hopes that the incoming US administration will look to take a more targeted approach on tariffs than previously feared. Today’s bounce is a reminder to investors that they are now living in a Trump-dominated world. Once the new president is installed on 20 January, we can expect a lot more days like today.
Dollar eases on tariff news
Stocks were not the only markets reacting to today’s tariff reports. The euro, sterling and the Aussie all staged rebounds after weeks of heavy selling. These currencies have struggled to maintain any kind of bounce against the greenback since the election – while a recovery is overdue, the overall picture continues to point towards a rising dollar.
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