In her curtain-raiser speech for the gathering, Georgieva rightly pointed out the global economy has proved more resilient than some feared at the time of the spring meetings in April, when the world's policymakers were transfixed by the chaos emanating from the White House. Part of the reason for that has been front loading: Trump's intention to jack up tariffs was no secret, and many companies ran up inventories in advance and started to rejig their supply chains.
Global shares mostly rose Wednesday, echoing record rallies on Wall Street after the latest update on the job market bolstered hopes the U.S. Federal Reserve will cut interest rates.France's CAC 40 rose 0.8 in early trading to 7,809.80. Germany's DAX edged up 0.6% to 23,856.74. Britain's FTSE 100 rose 0.2% to 9,263.14. U.S. shares were set to be mixed with Dow futures down 0.1% at 45,700.00, while S&P 500 futures gained 0.3% at 6,537.75.
