Weekly Macro & Markets View
What were the key global economic data releases, what is Zurich’s view and what does this mean for financial assets?
Weekly Macro and Markets View, Week 20
Highlights and View
- The US announces a trade deal with
the UK
Crucially, the US-UK trade deal does not remove the 10% tariff, which is a negative takeaway for other trade partners. -
Friedrich Merz was confirmed as
Germany’s new chancellor, but not
before a shocking loss in the first
round of secret ballot votes in
parliament
While the historic fiscal package that was recently passed by parliament is reason for optimism in Germany’s economic outlook, this political episode highlights vulnerabilities within the governing coalition and increases execution risk. -
The US slashes tariffs on Chinese
imports from 145% to 30% while
China cuts tariffs on US products
from 125% to 10% in 90-day deal,
rallying global equity markets
This demonstrates both sides’ intention to de-escalate current trade tensions, a significant development that reduces near-term headwinds for the global economy and trade.
Archive
- March 31, 2025 | Week 14
- March 24, 2025 | Week 13
- March 17, 2025 | Week 12
- March 10, 2025 | Week 11
- March 03, 2025 | Week 10
- February 24, 2025 | Week 9
- February 17, 2025 | Week 8
- February 10, 2025 | Week 7
- February 03, 2025 | Week 6
- January 27, 2025 | Week 5
- January 20, 2025 | Week 4
- January 13, 2025 | Week 3
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