Regular guidance from executives on the near-term path of profit just got more elusive
Countries queueing to negotiate with the White House have 90 days to strike a trade deal
Washington pauses most tariffs against countries that have not retaliated but increases levies on China
State-owned funds and companies are bolstering stock markets with massive co-ordinated share buying
Goldman Sachs rapidly reverses call for recession after president’s U-turn
Market meltdowns are all the same — here are six things I’ve learnt
News you can use
Central bank warns UK economy is particularly exposed to volatility triggered by Donald Trump’s policies
Tariffs and positive correlation
Investors shift focus from fiscal stimulus to prospect of recession as indices give up gains
Treasuries also slide after weak auction for three-year US government debt
White House says additional duties will begin on April 9 as Beijing warns that it will ‘fight to the end’
Risky funds drop almost a quarter of their value as Trump’s trade war hits market
You call that a crash?
High volatility will boost trading and widen spreads, potentially drawing in more traders
US ally and biggest foreign investor stunned by sweeping levies including on crucial automotive sector
Risky assets are cheaper — but not cheap enough
Also in this newsletter: Foot-and-mouth disease returns to central Europe
Plus, what the market fallout means for all corners of Wall Street — for private equity, private credit and dealmaking
Also in this newsletter: southern states’ anxiety about delimitation, and Harshjit Sethi’s mantra
Markets swing as Washington says it will kick off trade talks with Japan
US president sticks with plan to ‘reset’ global trade but sends mixed signals about negotiations
10-year Treasury yields jump most in almost three years
Investors continue to assess tariff risks after heavy sell-off last week
Head of world’s biggest asset manager says market ructions are ‘impacting Main Street’
