Risk appetite is returning to global financial markets this morning as investors move to price in rate cuts and traders welcome a more conciliatory tone from the Trump administration on trade and monetary independence issues. The president and Treasury Secretary Scott Bessent both made supportive noises on trade negotiations during yesterday’s session, and a number of Federal Reserve officials highlighted...

A nascent relief rally in markets is stalling out as hopes for a thaw in the US-China trade war unravel amid contradictory signals from officials. The dollar is coming under selling pressure once again, Treasury yields are inching lower, and equity futures are cruising toward renewed losses at the North American open. Risk appetite improved enormously yesterday morning when the Wall Street Journal...

The dollar is strengthening, yields are edging lower, and North American equity markets are barrelling toward a second day of gains after the Trump administration appeared to soften its stance on several policy fronts. Risk sentiment improved early in yesterday’s session on signs that the administration intends to retreat from its maximalist positions on China. In a closed-door meeting with investors,...

The greenback is finding its footing once again after selling pressure intensified during yesterday’s session when President Trump doubled down on his attacks against Federal Reserve chair Jerome Powell. In a post on social media that landed after multiple firing threats, Trump demanded that the central bank deliver “pre-emptive” rate cuts, saying inflation is trending “nicely downward” and “There...