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Markets show early cautious consolidation but risk appetite remains low
There is a cautious consolidation across markets, as traders take stock once more following renewed fear of US protectionism and trade wars. Since Donald Trump fired Rex Tillerson there has been a renewed sense of reduced risk appetite that has taken over the markets. Fears of a ratcheting up of trade tensions has certainly played into this, with reports that the US could be ready to hit China with around $60n of trade tariffs. Certainly if this were to be the case, the world’s second largest economy would not take this lightly and be sure to respond in a reciprocal nature. Disputes are also not confined to the ... (full story)