Amanda Cooper

A look at the day ahead in U.S. and global markets by EMEA markets breaking news editor Amanda Cooper.

Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.

What matters in U.S. and global markets today by Amanda Cooper.

The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets.

Morning Bid U.S.

Shortsellers targeted a wider range of equity sectors in March before U.S. President Donald Trump's April 2 "Liberation Day" tariff announcement and raised negative bets on a cluster of big tech stocks, data and tech firm Hazeltree said on Thursday.

The pound edged up on Tuesday, clawing back some gains from the euro in particular, as the volatility that has dominated markets for the past couple of weeks appeared to ebb.

Investors are dumping U.S. assets they usually favour in times of turmoil as fear over the economic impact of U.S. President Donald Trump's reciprocal tariffs shakes confidence in traditional safe-havens.

The pound was mostly steady on Tuesday, stabilising after several days of volatile trading from the market rout induced by U.S. President Donald Trump's wide-ranging import tariffs, which have raised the risk of a global recession.

The pound weakened against the dollar and the euro on Monday as investors shied away from risk-sensitive assets, as uncertainty grew around global trade policy and fears mounted of a recession triggered by U.S. President Donald Trump's tariffs.