President Trump announced a US-UK trade deal yesterday, which may be an early sign of a thaw in the global trade war. Talks between China and the US scheduled for this weekend could bring more good news. But with tariffs still in place, sentiment in the US equity market remains cautious, based on a review of equity sectors via a set of ETFs through yesterday’s close (May 8).
Daily Archives: May 9, 2025
Macro Briefing: 9 May 2025
US jobless claims fell last week, printing at a relatively low level that downplays recesssion risk. “The previous week’s jump in claims was reversed in the week ended May 3, and there is little in the incoming data to challenge the Federal Reserve’s assessment that labor market conditions remain solid,” said Michael Pearce, deputy chief US economist at Oxford Economics.
