Market Commentary: Thursday 6th March

Equities came under pressure again yesterday but managed to recover as Trump announced delays to tariffs in the afternoon. Positive sentiment has continued this morning, particularly for Asian stocks—the Hang Seng China Enterprises Index jumped 3.3%, buoyed by the tariff delays and investors’ expectations of more supportive measures from the Chinese government as the 5% target for expansion remains in place. U.S. equity futures are also pointing to a positive open.

Bitcoin ($91,713) is continuing its momentum higher this week, sustaining the move above $90,000 yesterday.

There has been further selling in the global bond market, with Bunds leading the way after Germany’s looser fiscal approach takes hold. Geopolitical volatility, particularly surrounding U.S. support for Ukraine, is adding uncertainty to growth and inflation. Japan's 10-year yield hit 1.5% for the first time since June 2009 as inflation continues to rise.

On the data front, we have Eurozone retail sales this morning, followed by the ECB later today. Out of the U.S. this afternoon, jobless claims and speeches from Fed officials will be in focus.

**For professional investors only** Any opinions, news, research, analyses, prices, or other information contained in this blog is provided as general market commentary and does not constitute (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. Some of this information may have been provided by third-party sources and, although believed to be reliable, it has not been independently verified and its accuracy or completeness cannot be guaranteed. No representation or warranty, expressed or implied, is made or given by or on behalf of iSAM Securities or its directors or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this blog, and no responsibility or liability is accepted for any such information. As a result, any person acting on any information does so entirely at their own risk. iSAM Securities will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.