"Markets were closed on Monday for Martin Luther King Jr. Day, compressing the week's activity into four sessions. Early in the week, stocks fell sharply after renewed concerns about a potential global trade conflict. Investor sentiment weakened following comments from President Donald Trump about imposing tariffs on certain European nations in connection with negotiations over Greenland. However, midweek optimism returned when the president signalled a softer stance and postponed the planned tariffs."
"On the economic front, revised data showed the U.S. economy performed better than previously expected in the third quarter. Gross domestic product growth was adjusted upward to an annual rate of 4.4%, supported by stronger exports and business investment. Inflation, however, remains elevated. The Federal Reserve's preferred measure showed prices rising 2.8% year over year, still above the central bank's long-term target. Labour market conditions remained stable, with jobless claims near their lowest levels in two years, suggesting layoffs remain limited."
U.S. equity markets finished a shortened, volatile week slightly lower as shifting trade headlines and mixed economic signals influenced performance. Early-week declines followed tariff-related comments, while a later softer stance and tariff postponement partially restored confidence. Revised data showed third-quarter GDP growth was adjusted upward to an annual 4.4%, bolstered by stronger exports and business investment. Inflation remains elevated at 2.8% year over year on the Fed's preferred measure, above the long-term target. Labour market indicators stayed stable with low jobless claims, and consumer sentiment improved modestly but remained well below last year.
Read at London Business News | Londonlovesbusiness.com
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