Morgan Stanley, Deutsche Bank and Evercore all cautioned that the S&P 500 index is due for a near-term drop due to the fallout from President Trump’s trade war
Key moments
Wall Street banks are warning of a market pullback despite a rebound, citing fallout from Trump’s trade policies
Oil prices fell as Opec+ raised output and President Trump threatened 100 per cent tariffs on India over its continued purchases of Russian crude
3 minutes ago
7.10am GMT+1
Oil Updates — prices rebound on Trump threats on Russian crude buyers
Wall Street rises as global stock markets take Trump’s new tariffs in stride
Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns
India isn’t flinching: Why Trump might be misreading India’s tariff playbook
