City Scape
City Scape
April 2025 Factor Performance Analysis

Equity Response to Tariffs

Market volatility spiked to post-pandemic highs in early April, but a partial recovery followed the announcement of a 90-day pause on tariff hikes. Despite this, the U.S. market underperformed for the month. Among developed markets, the U.S. lagged behind peers like the UK and Europe.

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