Latest Irish Life weekly markets update

Key talking points include:

• Global markets were highly volatile on the week as US stocks recouped some of their recent losses as President Trump stepped back from the brink and delayed his so-called 'reciprocal' tariffs for 90 days.
• Notably, the Trump administration excluded China from the 90-day pause,  instead announcing several increases to tariffs on Chinese goods up to 145% which dampened investor sentiment on global economic growth. 
• The S&P 500 rose by 5.7% (MTD -4.8%, YTD -8.8%) while the Euro Stoxx 600 fell by 1.9% (MTD -9.8%, YTD -4.1%). 
• Tariff talk and any potential negotiations are set to remain in focus this week. Elsewhere, Q1 corporate earnings announcements and guidance will also be of interest - including Goldman Sachs, Taiwan Semiconductor and LVMH - while US retail sales (Wednesday) and the ECB meeting (Thursday) are also likely to be noteworthy.