US equity markets declined by approximately 2% this week due to uncertainty over potential tariffs proposed by the Trump administration. Nvidia reported revenue growth but couldn't boost market sentiment, leading the Magnificent Seven index to drop nearly 15% below its December peak. Fixed income saw US 10-year yields decrease to around 4.25%, and commodities markets were influenced by policy changes, with oil prices slightly declining and Bitcoin falling sharply by nearly 13%. US personal income rose by 0.9% in January, but consumer spending fell, reflecting a decline in consumer confidence since last November.

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