Whatever it takes and tariff twists – bad for bonds and good for equities

European markets surged following German Chancellor-in-waiting Friedrich Merz's commitment to do 'whatever it takes' to ramp up defence and infrastructure, but this vow comes with a price tag: increased fiscal spending. Consequently, government bond yields soared across the continent. Meanwhile, in the US, markets rebounded after President Donald Trump temporarily lifted his 25% tariffs on Canadian and Mexican auto imports. Joining us to break down the implications for currencies and metals is Tim Gagie, Head of FX/PM Private Banking Sales in Geneva. 00:00 Introduction by Helen Freer (Investment Writing) 0025 Markets wrap-up by Roman Canziani (Head of Investment Writing) 06:08 FX and metals by Tim Gagie (Head of FX & PM Solutions Geneva) 11:11 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.