Wednesday 16th April 2025

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Tariff and trade news continues to dominate and drive markets in all directions. Sentiment surveys are now showing a serious downturn, with the Bank of America claiming investors are ayt their most bearish in 30 years. NAB’s Rodrigo Catril says we are still waiting to see the hard data from April. The difference in FX moves for the pound and the Euro has been interesting, with a deal with the EU seeming a long way off, with JD Vance suggesting a deal with the UK could be closer, because of Trump’s love of the royal family. Meanwhile China has reportedly stopped their airlines from buying or leasing aircraft or parts from Boeing. It’s another day of information overload, which makes it a tough call for the Bank of Canada later today.

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