The past week saw markets and economies grappling with ongoing trade tensions, slowing economic data, and uncertainty around central bank policy.

In short:

• No Breakthrough in Trade Talks: U.S.-China negotiations in London concluded without resolution, maintaining existing tariffs and contributing to an uncertain global growth outlook.
• Mixed Economic Signals: U.S. services data softened, China’s exports to the U.S. declined sharply, and Europe saw varied results across labour and industrial indicators.
• Central Banks Remain Data-Dependent: While the ECB cut rates and signalled a pause, the Fed held steady, citing the need for more data. In Australia, the RBA faces a more complicated path, with slowing growth and persistent cost pressures adding nuance to future rate decisions.

Get access to the graphs: www.investsense.com.au/industry-articles/with-tariffs-unresolved-and-growth-slowing-central-banks-tread-carefully 

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