Over the weekend, President Donald Trump announced tariffs on the U.S.'s top three trading partners—Canada, Mexico, and China—and threatened similar measures against the EU. On Monday, U.S. stocks experienced a selloff, with the major indices dropping. Losses narrowed, however, after news broke of a delay in imposing tariffs on Mexico.
Market worries over the tariffs focus on two key issues. U.S. companies that depend heavily ...

The US annual inflation rate increased for the second consecutive month, reaching 2.7% in November 2024, up from 2.6% in October, aligning with forecasts. The rise reflects partially the low base effects from the previous year.
Food costs were up 2.4% compared with one year ago, after increasing by 2.1% YoY last month.
Energy costs decreased by 3.2% YoY, after decreasing by 4.9% YoY in September. Energy prices increased by 2.2% on a MoM base.
Us...

A month after the November 5 Election Day, the 'Trump trade' is at its zenith, showing no signs of slowing down. Since the election, the performance of key U.S. market sectors underscores a significant uptrend: Bitcoin has surged by 41%, bank stocks have increased by 11%, small-cap stocks by 9%, and the S&P 500 has grown by 5%. Kabra Manish from Societe Generale expresses a buoyant outlook on the endurance of the 'Trump trade...