Market Commentary: Friday 28th March

Global selloff in equities, with gold jumping to fresh all-time highs—currently sitting around $3,085—as demand remains strong for the safe haven asset.

The MSCI World Index posted its longest losing streak in a month, while a regional gauge of Asian equities was poised for its biggest drop since February 28.

Similarly, cryptos fell overnight, yet the USD remained relatively unchanged.

Overall, markets are still underpricing tariff risk, with many investors side-lined until "Liberation Day" provides further clarity.

Long-maturity Treasury yields reached their highest levels in a month due to investor demand driven by tariff risk.

• Bitcoin fell 1.6%

• Ether dropped 4.5%

• Oil fell 0.1%, still hovering below $70

For today, CAD GDP, US Core PCE Price Index, and Revised University of Michigan Consumer Sentiment are likely to be the key data releases driving markets.

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