News Snapshot:
Ten weeks ago, the US and global economic and market outlook was constructive – it was not great, but there were signs that Europe was bottoming out and that China was stepping up to support its economy. There was a view that US President Donald Trump would take a pragmatic approach to his trade proposals given his pro market stance. We, like almost every other investor on the planet, underestimated Trump’s resolve to reshape global trade and just how far he appears willing to go to do this. Loading...