iSAM Expands UK Presence with Move to New London Headquarters

Yesterday’s risk rally was short-lived, as most investors digested that the US Trade Court’s tariff ruling does not resolve the broader uncertainty around trade. The US administration has not backed down and intends to either maintain the levies or pursue alternative measures.

With this backdrop, oil has rallied, with WTI climbing to $62.89 a barrel on heightened demand expectations, while markets await the upcoming OPEC meeting later this week.

Asian equities are mostly unchanged for the day, aside from the Hang Seng (-0.8%). US equity futures are flat, with attention focused on later today’s Nvidia earnings.