Expert buy, hold and sell recommendations from our team of analysts.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
It was a week of the expected and the unexpected, with Donald Trump predictably unpredictable about who cops what tariffs.
Optimism was turbocharged on Wall Street this week, with good economic data and a US tariff deal with Vietnam all being positively reinforced by President Trump’s One Big Beautiful Bill (OBBB) passing through both the Senate and House of Reps.
Donald Trump remains the human curveball that can make or break stocks. This week’s gains were helped by his surprise bombings of Iran and the truce between the warring parties in the Middle East. All of this was then helped by news that the President’s press secretary, Karoline Leavitt, said July 9 was not a “critical” deadline date for tariffs to be imposed of the USA’s trading partners. TACOs, anyone?
After a week when the Israel-Iran war has taken centre stage and the fear that President Trump could defy his own pre-election promises about avoiding taking the US into war, stocks have defied volatility.
Just when Donald Trump-v-China on the trade battlefield was giving Wall Street and other global markets optimism and higher stock prices
US markets were up strongly overnight, despite human headline Donald Trump who began an all-out fallout with his once close compatriot, Elon Musk - the man who would usurp him and dropped an Epstein-sized bomb on his way out of Washington this week.
Trump’s up to his old tricks and the U-turner and stock market de-escalator has now become a re-escalator, with a 50% tariff threat on the European Union, spooking stock markets on Friday
It’s been another positive day for US stocks with the Dow up 0.78%, the S&P 500 0.70% higher and the Nasdaq some 0.52% up, despite a weaker-than-expected consumer sentiment number from the University of Michigan coming in at the second lowest result ever!
With US President Donald Trump now playing Mr Nice Guy on the tariffs front, global stock markets are lapping it up.
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