Jason

Market Picture The cryptocurrency market has added 3.3% in the last 24 hours.

The US economy grew 2.3% saar (QoQ, seasonally adjusted annualized) in Q4, slightly below expectations.

Oil prices fell on Tuesday as the US delayed tariffs on Mexico and Canada, easing concerns about a major disruption to crude oil flows to the world’s biggest economy.

The AUD/USD pair rebounded to 0.6199 on Tuesday, recovering some losses. Earlier in the week, the Australian dollar tested multi-year lows as investors distanced themselves from riskier assets amid concerns over US tariffs on Canada, Mexico, and China.

Slowly but surely, financial markets are coming around to the idea of four rate cuts from the Bank of England this year.

The Pound Sterling extended its losses for the second consecutive day as US President Donald Trump tariffs rhetoric sent ripples across the financial markets.

Dollar continues to be driven by tariff headlines；Nonfarm Payrolls to reshape Fed expectations；BoE to cut by 25bps; focus to fall on forward guidance.

There appear to be three main components of Mr. Trump’s foreign policy plans: a return to regional hegemony, global economic dominance, and tariffs designed to affect geopolitical outcomes. I’ll tackle these issues separately and discuss their various market implications.

European companies are facing a raft of new challenges from the policy direction of the incoming Trump administration. But we think select European companies with the right business attributes could do well during the new regime and offer underappreciated return potential.