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2025

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A fortnight ago, investors were counting down the hours to President Trump’s announcement of ‘reciprocal tariffs’. Global stock indices, led by the US majors, were already exhibiting evidence of investor concern. The Dow and the Russell 2000 (a less popular stock index, but an important indicator of the mood towards…

A fortnight ago, investors were counting down the hours to President Trump’s announcement of ‘reciprocal tariffs’. Global stock indices, led by the US majors, were already exhibiting evidence of investor concern. The Dow and the Russell 2000 (a less popular stock index, but an important indicator of the mood towards…