Markets boomerang as 'Trump Blink' redefines volatility
U.S. President Donald Trump's U-turn on tariffs has rained yet more volatility on markets, leaving investors skidding from stocks to safe-havens and back, and while previous crises have seen bigger moves, few have been this fast. With volatility, it's the speed of a move that can set alarm bells off. The S&P 500 soared 9.5% on Wednesday, its biggest daily gain since 2008, while Europe staged its biggest jump since March 2020 on Thursday.