A Few Cuts More

Equity markets have lost a little ground in recent days and bond markets have been more jittery, as legal challenges to US tariff policies add to a tense backdrop of geopolitical meetings between China, Russia, and India. In our charts this week we focus on:

• Gold prices and trade policy uncertainty
• US Tariffs
• India's economy and markets
• Global monetary policy
• Euro area inflation
• The US profit cycle