Investors are seeking protection in more defensive areas of the market as US President Donald Trump ratchets up trade tensions. European and US equity futures plunge alongside Asian shares amidst fresh tariff uncertainty ahead of the Wednesday tariff deadline. However, 1 August appears to be the new deadline, allowing certain countries more time for negotiations. Mensur Pocinci, Head of Technical Analysis, talks about the optical illusion of recent all-time highs in US equities and the need to hedge US dollar assets, particularly for Swiss franc investors.

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