Analysis: Overnight emergence of ‘pragmatic tone’ for US markets
CommSec’s Tom Piotrowski revealed a more “pragmatic tone” emerged overnight in the US markets after “day zero” of Donald Trump’s second presidency.
“What has stood out … there has been a more pragmatic tone emerge in relation to the trade conversation,” Mr Piotrowski told Sky News Australia.
“There were some threats of some lofty tariffs being applied to Canada and Mexico, but China was conspicuously absent from that conversation, and that was seen as an interpretation of a more practical approach being taken.
“The markets took that as being a positive sign, and it was a factor that was contributing to a drop in long-term interest rates in particular.”
Presented by CommSec.
from Sky News Australia
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