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US Halts Tariffs on Multiple Regions; UBS Wealth Mgmt CIO Maintains 2025 S&P Forecast; US-CN Trade Conflict Fiercer Than Expected
Recommend 22 Positive 32 Negative 13 |
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US President Donald Trump announced overnight (9th) a 90-day suspension of reciprocal tariffs on multiple countries or regions other than China. The three major US stock indices soared by 7.9-12.2%, with the DJIA surging by 2,962 points. The UBS Global Wealth Management Chief Investment Office (CIO) released a report stating that Trump's decision had heightened market expectations for the US to open negotiations for a longer-term resolution of trade disputes and overshadowed further tariff increases on China. The broker maintained its base case forecast for the S&P 500 target at 5,800 this year. However, it estimated that the market will experience further volatility until investors gain more clarity on trade negotiations. At the same time, the broker noticed the escalation of tensions between the US and China has exceeded expectations. As specific details of the latest US policy changes have yet to be announced, it remains uncertain whether the proposed suspension can be sustained. AAStocks Financial News |
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