Trump, tariffs and turbulent times

Six weeks after the sharp equity market correction that was set off by heightened appreciation of US inflation risks, a sequence of poor trading days on global equity markets late last week again erased 2018’s year-to-date gains and moved several key markets back into the red. For the full week, US shares lost 5.9%, Japanese shares dropped 4.9%, Eurozone equities fell 3.4% and Australian shares slid by 2.2%. New Zealand equities look set to fall today, but actually registered a small positive return (0.3%) for last week.


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