Timothy Fox - Head of Research & Chief Economist
Published Date: 12 March 2018
In the end global equity markets finished last week positively, buoyed by a strong US employment report and by hopes that a hastily convened meeting between President Trump and North Korea’s Kim Jong-un might herald a rapprochement between the two countries, putting an end to fears of a nuclear confrontation. However, this was not the story of the whole week in which markets were rattled by the threat of a global trade war after President Trump announced sweeping tariffs on steel and aluminum imports.
Market expect 25bps Fed hike in week ahead