New week, more tariffs?
Tariffs, again. In the week that begins, it will still be the Trump administration’s decisions that will affect the mood of investors and the performance of the financial markets. Dollar, gold, oil and treasuries are the assets to monitor this week.
Overnight came the first rumours: tariffs on all imports into the USA of aluminium and steel. With this first shot, which mainly hit Australia at the moment, the Trump administration is preparing for a new week of tariff announcements, and the reactions are almost a foregone conclusion: the dollar regaining strength, gold going up, oil possibly regaining, stock markets subject to some volatility. It will be another difficult week to decipher.
On the macroeconomic front, the week will come to a climax with next Thursday’s US inflation data and the new end-2024 growth projections for the Eurozone and Great Britain. The inflation data, together with Powell’s words at the usual semi-annual hearing on Capitol Hill, will be the compass for understanding the Fed’s next moves and will influence the trend of Treasuries.
Our forecast analysis suggests an interlocutory day on the equity markets, with few buying indications and many wait-and-see signals. Still positive sentiment for precious metals, while on the currency front we are also starting to monitor the dollar index directly from today.
Volatility is expected to increase moderately for both equities and bonds.
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NOTES AND WARNINGS
Analysis automatically generated by kbmeter.com. Analysis date: 10 February 2025 - 7:36 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
