Beware of robber banks (RB), bad advisors.
-
Talk of US tariffs on EU turns sentiment more cautious once more
After the strong risk positive reaction to the positive Trump/Xi meeting at the G20, markets are beginning to look a bit more cautious once more. The reason being further talk of US tariffs, this time turning to the EU. Chatter of the US imposing tariffs on $4bn of EU goods now, has tempered the reaction from news of the US and China negotiations already being underway. This gives a degree of support again for some of the classic safer havens, with the yen and gold finding support. Gold has been especially strong in recent weeks, but saw a sharp negative reaction to the risk positive G20. The more the talk of tariffs ... (full story)