Opinion – Tuesday 27 May 2025

U.S Indices closed lower on Friday but well off earlier lows, which were induced after US President Trump touted a 50% straight tariff on the EU. On top of this, and weighing on stocks, was US President Trump suggesting at least 25% tariffs on Apple if it does not...

Opinion – Thursday 22 May 2025

It was a “sell US” day on Wednesday with equities posting notable losses while Treasuries were sold across the curve, particularly in the long end to see the curve steepen. Amid a lack of data this week (aside from Flash PMIs on Thursday) the US focus has...

Opinion – Wednesday 21 May 2025

U.S. Indices were choppy but ultimately closed in the red on Tuesday, with the majority of sectors lower while defensives outperformed. With a lack of US data yesterday, the focus was on US President Trump’s tax bill talks. The President attempted to get...

Opinion – Tuesday 20 May 2025

U.S. Indices saw two-way price action on Monday and ultimately closed little changed, albeit the Russell 2000 underperformed. The session started rather sombre with downside in US stocks, bonds and the Dollar in the wake of Moody’s downgrading the US credit...

Opinion – Monday 19 May 2025

U.S. Indices ended Friday’s session with slight gains, albeit in thin newsflow on Friday, as the main event of the week came before US players even got to their desks on Monday. That is, the US and China agreed to cut tariffs on each other by 115ppts. Back to Friday,...

Opinion – Thursday 15 May 2025

U.S. Indices closed mixed on Wednesday (SPX +0.1%, NDX +0.6%, DJI -0.2%). Gains were seen in the Mag-7 led sectors, namely, Communications (GOOGL +3.7%), Tech (NVDA +4.2%), and Consumer Discretionary (TSLA +4.0%). Additionally, AMD’s announced USD 6bln stock...