The markets have largely shrugged off the simmering trade dispute. Visits to the US by allies Merkel and Macron failed in their efforts to dissuade the president from his protectionist/mercantilist policies. Proof of the disregard markets attach to the fighting is the steady rise we have seen in equity prices this week and last. The FTSE is a choice example.
Tariff Skirmish Eases, for now…
Daily Analysis - 01/05/2018