Cars and Copper – next for the Trump Treatment

Thursday 27th March 2025

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Markets are clearly not excited about President Trump’s trade agenda. Equities took a hit in this session on news that an announcement on auto tariffs could happen within hours. There have also been rumours about copper could also be targeted, pushing copper prices to fresh highs. NAB’s Ray Attrill says there’s a shift in sentiment emerging from the Fed, with Austin Goolsbee warning of the danger of consumer inflation expectations being mirrored in bond yields, with the potential for interest rates to rise again.  Locally, Australia’s February CPI print came in just as NAB had predicted, which could pave the way for a cut at the next RBA meeting. Labour market data today will provide more detail on the February print. And the UK economy is slowing more, creating no end of challenges for the Chancellor Rachel Reeve.

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