UBS On-Air: Market Moves UBS On-Air: Paul Donovan Daily Audio 'Uncertainty about talking'
Apr 25, 2025
Tension rises as China dismisses trade talks with the US, while President Trump hints at mysterious negotiations. Economic uncertainty looms large, affecting consumer sentiment and inflation trends in Japan. Meanwhile, US and South Korea rekindle trade discussions after a tariff reprieve for North Korea. In contrast, the UK surprises everyone with robust retail sales, defying gloomy forecasts among retailers. Is optimism misplaced, or is the economy showing resilience? Tune in for insights on these pivotal issues.
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Trade Uncertainty Escalates
- Uncertainty in US-China trade talks appears to be growing due to contradictory statements.
- China denies negotiating while the US hints at secret meetings, escalating economic uncertainty.
Trade Deal Tensions Persist
- South Korea and the US agreed on a trade talks framework after tariffs disrupted a long-standing free trade deal.
- The revised NAFTA uncertainties add caution to expectations around trade negotiations.
US Consumer Sentiment Shifts
- US consumer sentiment data reflect the impact of partisan media and economic realities.
- Republican optimism is slightly waning amid trade tax threats, while Democrat pessimism is unlikely to improve.