Miguel Afonso Caetano on Nostr: "US dealmaking suffered its worst start to a year in a decade, as Trump’s bellicose ...
"US dealmaking suffered its worst start to a year in a decade, as Trump’s bellicose trade rhetoric sent a chill through boardrooms: the overall number of US mergers and acquisitions plunged nearly 30 per cent in January to 873 deals, compared with a year ago, the lowest level since 2015, according to data from LSEG.
Meanwhile, the National Federation of Independent Business’s Uncertainty Index rose 14 points to 100 — the third highest recorded reading. Consumer sentiment also fell by about 5 per cent, according to the University of Michigan monthly consumer sentiment index — its lowest reading since last July. The survey also noted a “12 per cent slide in buying conditions for durables, in part due to a perception that it may be too late to avoid the negative impact of tariff policy”.
Sentiment has not been helped by data released this week that showed inflation rising to 3 per cent in January, fuelling concerns among economists that the world’s largest economy was heating up again."
Meanwhile, the National Federation of Independent Business’s Uncertainty Index rose 14 points to 100 — the third highest recorded reading. Consumer sentiment also fell by about 5 per cent, according to the University of Michigan monthly consumer sentiment index — its lowest reading since last July. The survey also noted a “12 per cent slide in buying conditions for durables, in part due to a perception that it may be too late to avoid the negative impact of tariff policy”.
Sentiment has not been helped by data released this week that showed inflation rising to 3 per cent in January, fuelling concerns among economists that the world’s largest economy was heating up again."