iSAM Expands UK Presence with Move to New London Headquarters

Equity markets have had another tough session as Trump’s latest tariffs on steel and aluminum imports came into force. The retaliation has begun, with the European Union launching countermeasures on American goods worth €26 billion.

A global selloff in stocks eased in Asian hours as U.S. equity-index futures, Treasury yields, and cryptocurrencies were all lower overnight. The Nasdaq was down 4%, the S&P 500 was down 2.7%, and the Dow Jones fell 2.08%. The S&P closed below the 200-day moving average at 5,735, with support seen at 5,400—the low from September '24. It would take a brave person to buy this dip immediately.

Inflation is back on the agenda this week. We get to see US CPI data for February on Wednesday and PPI on Thursday. Why is this important? This will be the first full month of data under the administration of President Donald Trump since his re-election.