How low can you go?

9 June 2025

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  • The tug-of‑war between tariff escalation and cooling economic data is fostering volatility—markets are torn between recession fears and hopes of Fed easing.
  • Amid tariff relief and fiscal strain, the UK is doubling down on infrastructure spending and China engagement to support growth.
  • The ECB’s dovish pivot and EU-US tariff truce aim to stabilise growth, but eurozone economies remain under pressure.
  • BOJ’s deputy governor underscored a commitment to price stability over fiscal matters, as China fast-tracked rare earth export licenses for European firms to bolster relations.

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