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After a news-light long weekend, markets woke up on Tuesday to Canada announcing its promised like-for-like retaliatory tariffs on many US goods while at the same time plotting a massive trade deal with Europe, oil prices hurtling back towards $100 with a further escalation of hostilities in the Middle East and Trump nonsensically barking that the Fed should somehow immediately cut its interest rate from 3.625% to 0.50%, in an environment where the central bank may well need to raise it later this week to combat sticky inflation.
With a busy week ahead of new inflation data, a European…
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