For a person who’s been obsessed with stock market gains since his election victory 16 months ago, U.S. President Donald Trump doesn’t appear too concerned about the impact his tariffs are having at the moment.
Brexit, trade wars, slow economic growth and heightened tensions with Russia, not exactly the ideal environment for a central bank to consider raising interest rates. Yet, that's exactly what the Bank of England is doing and on Thursday, they may signal and intention to do just that at the next meeting in May.
U.S. futures are coming under pressure once again ahead of the open on Thursday, as investors continue to display an anxiety about the path of interest rates against a backdrop of escalating trade conflicts.
U.S. equity markets are on course to open relatively unchanged at the start of the week after bouncing back from early losses on Friday, which came as Donald Trump announced tariffs on steel and aluminum.