Tariff uncertainty trumped by geopolitics
|Geopolitical tensions continue to drive markets into a risk-off frame of mind, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
FTSE 100 steady despite tariff drama & geopolitical uncertainty
Investors looking for a safe haven from tariff madness and worries about Iran could do a lot worse than the FTSE 100 right now. The index seems impervious to worries about US trade policy and the potential for a US-Iran conflict, holding steady today while US stocks fall back. Friday’s initial bounce following the court decision has given way to caution, as the administration attempts to pivot seamlessly to new tariff weapons while also doing their best to panic investors about the rule of law in the US with some spicy Truth Social posts.
Iran fears drive VIX, Gold and Oil higher
The panic-trade trinity of gold, oil and the VIX made a return to our screens today, all three rising as social media filled up with fresh updates on US deployments to the Middle East and reports emerging from all sides in the region. With Nvidia’s earnings this week only expected to see a 4% move in the stock, it seems the geopolitical situation remains the chief driver for the time being.
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