With Trump imposing new import tariffs on steel and aluminium, prices of the two metals on the US physical market have soared, lifting shares of domestic steelmakers. However, there is still a glimmer of hope on the trade front, with reports emerging that Donald Trump and Xi Jinping are set to hold talks ‘very soon’. Meanwhile, stock markets around the world have seen some volatility as investors digest the latest manufacturing activity data. Treasury yields, which have been in the spotlight recently, remained stable overnight after strong demand was seen at a 10-year Japanese government bond auction. Joining us on the show today is Manuel Villegas from Next Generation Research, who gives us an update on digital assets.

• (00:00) - Introduction: Helen Freer, Investment Writing