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Global Indices Rally — Gold Gains, But So Does Volatility
The week kicked off well on both sides of the Atlantic as investors collectively shrugged off fears over the escalating US-China trade war, deteriorating credit conditions, a US government shutdown, the French credit downgrade, a major outage at Amazon Web Services (the world’s largest cloud provider) that froze many online services globally, renewed fighting in Gaza over the weekend, and the not-so-great meeting between Zelensky and Trump. Instead, bad loan worries eased and market attention shifted to the possibility of yet another round of easing tensions between the US and China — and I found this hilarious — Trump told Fox News that his earlier threat of 100 % tariffs on China was “not sustainable”, anyway.
The week kicked off well on both sides of the Atlantic as investors collectively shrugged off fears over the escalating US-China trade war, deteriorating credit conditions, a US government shutdown, the French credit downgrade, a major outage at Amazon Web Services (the world’s largest cloud provider) that froze many online services globally, renewed fighting in Gaza over the weekend, and the not-so-great meeting between Zelensky and Trump. Instead, bad loan worries eased and market attention shifted to the possibility of yet another round of easing tensions between the US and China — and I found this hilarious — Trump told Fox News that his earlier threat of 100 % tariffs on China was “not sustainable”, anyway.
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