Markets Stabilise As Tariff Negotiation Hopes Rise
The dust is settling after a tumultuous Monday in financial markets. North American equity markets are setting up for a modestly-positive open, benchmark ten-year Treasury yields are pushing above the 4.20-percent mark, and the dollar is edging lower against all of its major trade-sensitive counterparts. To summarise yesterday’s* insanity: the S&P 500 jumped more than 8 percent on an erroneous headline suggesting that tariffs would be paused for ninety days, then plunged again when this was rebuffed by the White House, only to rise again as investors hedged against the possibility that another, more accurate version of the same headline...