The world is navigating by sight

Major political and economic uncertainties don't seem to be diminishing this week, particularly with the latest annou ncements from the US president. First, new threats regarding the implementation of tariffs in certain sectors (pharmaceuticals, automobile, semi - conductors, lumber); second, the astonishing rapprochement with Putin and the adoption by D. Trump of the anti-Ukrainian rhetoric of the Russian regime. Finally, on this side of the Atlantic, Europe is apprehensive about the results of this weekend's German elections, with the prospect of complex negotiations to form a new coalition tasked with reviving sluggish growth. Besides , the European PMI figures published this morning don't inspire much optimism. That said, all these events have been hardly disrupting the performance of the financial market .