The tentative return of risk appetite and upcoming German inflation data also cooled safety plays like Bunds. Investors have had it all thrown at them, from the biggest ever rise in stock volatility to rapidly escalating tensions over global trade, deepening turmoil in the White House and major tech sector wobbles. Now the Dow Jones, S&P 500, FTSE Nikkei and scores of other big markets are all down for the year. "Expansionary U.S. fiscal policy should support global trade, but markets will remain attentive to further tensions as the China-U.S. trade saga continues to unfold," wrote economists at ANZ. Another sign of the stress in markets is that it is set for its third straight quarterly gain.

Source: dna March 29, 2018 09:21 UTC