Insights

Jun 3, 2025, 10:18 by Ashburton Investments

Despite ongoing waves on uncertainty, the recovery from the lows seen in April following President Donald Trump’s “Liberation Day” continued into the month of May. This was a function of de-escalating trade tensions, possible ceasefires in ongoing conflicts and a reduction in the odds of a recession hitting the United States (US). Markets followed the “whipsaw” trend in reaction to President Trump’s tariff announcements and delays, with key central bank meetings also dominating news flow.