President Trump reverses tariffs on non-retaliatory countries as Chinese trade war intensifies.

We look at what has happened in the world of global economics and finance over Q1 2025 and what risks and events may affect markets in Q2 2025.

Investors and, more importantly, central bank officials have adopted a wait-and-see approach to the mercurial announcements of potential US tariffs on imports.

As the Q4 earnings season reaches its final phase, 480 of the 503 components of the S&P 500 index have reported earnings as of 28th February, 2025.

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