This week will be dominated by news from the US. We await confirmation of any additional tariffs on Chinese goods, at the same time several S&P 500 companies release earnings this week, with 60 following next week. Stock markets could see increased volatility, with global markets broadly feeling the effect of Mr Trump’s approach to tackling the country’s trade deficit.
US inflation figures for March are released on Wednesday, several hours before the minutes from last month’s FOMC meeting are released. Last month the Fed raised interest rates and increased the GDP forecast in Jay Powell’s inaugural FOMC meeting as chair.