Real Vision: Finance & Investing Trump’s Targeted Tariffs, Canada’s Snap Election, and Global PMI Data: PALvatar Market Recap, March 24 2025
Mar 24, 2025
In this lively market recap, learn about Trump's surprising targeted tariffs, which are stirring optimism among investors. Canada is gearing up for a snap election with Mark Carney gaining traction as a potential leader. Meanwhile, unrest in Turkey escalates after the arrest of Istanbul's mayor. Recent economic data reveals a slump in Germany’s Services PMI, contrasting with a hopeful bounce in the UK, while Japan grapples with contractions in both Manufacturing and Services PMIs. Tune in for these market-shifting insights!
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Targeted Tariffs
- Trump's upcoming tariffs may be more targeted than initially feared.
- This has boosted market sentiment, as investors anticipate a less severe impact on trade.
Canada Snap Election
- Canada will hold a snap election on April 28th.
- New PM Mark Carney, who replaced Justin Trudeau, called the election after a surge in popularity.
Turkey Unrest
- Turkey is facing unrest and protests after the arrest of Istanbul Mayor Ekrem Imamoglu.
- Imamoglu was subsequently named the opposition's main presidential candidate.