About this episode
US equities did not like the news of weak manufacturing data and President Trump's announcement of tariffs on Canadian and Mexican goods, as well as increased tariffs on Chinese imports. The move prompted swift retaliation from Canada and China, who imposed their own tariffs on US goods. The S&P 500 fell 1.8% and Nvidia dropped nearly 9% but defensive sectors, like healthcare and consumer staples, rose on the day. European equities moved higher yesterday, with the Euro Stoxx 50 gaining 1.6% on easing inflation, anticipated monetary easing and the prospect of a large German stimulus package. Chinese stocks are reacting calmly to the tariff news, while export-heavy Japanese stocks are falling. Next up: Donald Trump's speech to Congress (later on Tuesday) and China's National People's Congress meeting (Wednesday). Carsten Menke, Head of Next Generation Research, notes that Bitcoin is a risk-on asset and a high-beta play on US equities in the short term. 00:00 Introduction by Helen Freer (Investment Writing) 00:24 Markets wrap-up by Mike Rauber (Investment Writing) 07:14 Digital assets update: Carsten Menke (Head of Next Generation Research) 11:14 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 wherever you get your podcasts.