Weekly Global Market Pulse: Tariffs Spark Uncertainty Amidst Inflation Concerns

Global markets saw a week of oscillating emotions as they balanced hopes for a cooling inflation trend with growing trade uncertainty. A U.S. appeals court decision to keep President Trump’s tariffs in place reintroduced trade risks just days after positive market reaction to the cooler U.S. PCE print and the S&P 500’s best month since late 2023. Meanwhile, Wall Street shifted focus toward AI chips with Nvidia’s blockbuster outlook driving investor interest while Asian markets showed signs of slowing down. The week’s developments saw a clash between optimistic sentiment in Europe and cautious concerns about China’s economic recovery.