Global Stocks Trade in Tight Range; Pound Weakens: Markets Wrap

(Bloomberg) – Global shares were traded in a narrow range, as investors searched for a clear trend amid constant uncertainty about President Donald Trump's upcoming tariff. The pound weakened an unexpected slowdown in inflation in the UK.

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European stocks and futures for American stocks have not changed. The return on the cabinet increased for 10 years. The future copper contracts in New York increased to a record level as traders priced the possibility of huge drivers for import.

Meanwhile, the pound fell 0.2 % to about $ 1.29. Cold inflation in the UK will strengthen the issue of the Bank of England to reduce interest rates. It is also a batch of Treasury Chancellor Rachel Reeves before a major economic statement later today. It is expected that it will cite global economic challenges because it reduces government spending billions of pounds.

Once again in the United States, definitions are still in front and the center. The Trump administration indicated earlier this month that the coming wave of American definitions may be less expanding and more targeted than he was originally afraid. Then on Tuesday, Trump said he did not want to have a lot of exceptions, but “he may be more lenient than reciprocating, because if you are mutual, it would be very difficult for people.”

“The uncertainty on the high tariff front is still ridiculed, which makes it very difficult for companies or consumers to plan more than one day in the future, and it is still impossible for market participants to be able to help them,” said Michael Brown, a strategy in Beepstone.

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Trump is preparing a “Tahrir Day” tariff advertisement on April 2, where he unveiled the so -called mutual definitions he deems as revenge for fees and barriers from other countries, including American allies for a long time. While this advertisement will continue to be a great expansion in the American definitions, it is more focused than the growing global effort, officials are familiar with this issue.

American definitions can come to copper imports within several weeks, months before the deadline for a decision, according to the people familiar with the matter.

Meanwhile, in the Asian markets, the Hang Seng Tech added 1.1 % after falling on the edge of the correction the day before. The strategists in Morgan Stanley raised their goals at the end of the year 2025 for Chinese stocks. Likewise, strategists at Goldman Sachs expect a more fundamental rise to the last gathering where positive profit reviews must come.