Morning Bid: Turbulent week ends with Friday flourish

Making sense of the forces driving global markets
World markets on Friday ended another choppy week on an upbeat note as investors pushed aside growing concerns over the global trade war and bought back beaten down stocks, although few will be confident a definitive market bottom has been reached yet.
U.S. President Donald Trump's tariff agenda is very much in place, and markets remain vulnerable to the next escalation in tensions. The lack of any new announcement from Trump on Friday was, for investors, perhaps a classic case of 'no news is good news'.
Another dose of good news on Friday came from
Meanwhile, the
But the broader horizon is filled with dark, ominous clouds, indicated by some key market moves and economic data on Friday - safe-haven demand propelled gold above
This is also reflected in the latest fund flows data from
Around
These are big numbers, but won't be bothering policymakers too unduly just yet. A renewed wave of selling though, and that calculus might start to change - investors will be scrutinizing the Fed, Bank of Japan and
I'd love to hear from you, so please reach out to me with comments at . You can also follow me at @ReutersJamie and @reutersjamie.bsky.social.
[Latest Market Data segment]
This Week's Key Market Moves
* Gold breaks aboveChart of the Week
This is remarkable in itself, and helps explain why high household, business and federal debt hasn't been the ticking time-bomb many thought it would be when the Fed began raising interest rates - as a share of GDP, borrowing has not grown much at all, and in many cases, has fallen substantially.
What could move markets on Monday?
*Here are some of the best things I read this week:
1. Central banks slip into the shadows 2. Trump's confidence-sapping policies echo the 1930s 3. Tesla's stock defied gravity for years. IsOpinions expressed are those of the author. They do not reflect the views of
Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here.
(Writing by
(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Related News
-
GLOBAL MARKETS-Stocks rebound after S&P 500 correction, safe-haven gold touches record
Reuters - 5:11 PM ET 3/14/2025
-
CANADA FX DEBT-Canadian dollar posts weekly gain as equities rebound
Reuters - 5:06 PM ET 3/14/2025
-
US Markets Rebound Friday, Close Week Down After Choppy Trading
MT Newswires - 4:59 PM ET 3/14/2025
-
EMERGING MARKETS-Latam currency index leaps to eight-month high as risk-off mood eases
Reuters - 4:49 PM ET 3/14/2025
-
CANADA STOCKS-TSX scores biggest gain since August in relief rally
Reuters - 4:39 PM ET 3/14/2025
-
TRADING DAY-Turbulent week ends with Friday flourish
Reuters - 4:30 PM ET 3/14/2025
-
TSX Closer: Closes Out a Volatile Week With a Gain of 350 Pts and a New PM at the Wheel
MT Newswires - 4:25 PM ET 3/14/2025