Relief Rally: Markets React Positively to US-China Tariff Truce

Edmond de Rothschild Asset Management reviews the market response to the US-China tariff agreement and its implications for global equities, inflation, and fixed income positioning.

• A 90-day reduction in US tariffs on Chinese goods from 145% to 30% eased recession fears and inflationary pressures.

• April US CPI remained stable at 2.3%, while PPI edged up slightly to 2.5%, indicating limited tariff impact—so far.

• Equity markets rallied globally, with tech and consumer discretionary stocks leading in the US, and cyclicals in Europe showing strength.

Access the full report for deeper insights into asset allocation and market outlook across regions and sectors.