Markets are bracing for months of turbulence with little chance of a sustained rebound on Wall Street or the ASX despite a wave of relief after the Trump administration’s abrupt reversal of sweeping trade tariffs.
The S&P/ASX 200 recorded its best day in five years as it surged 4.5 per cent on Thursday, leaving the local benchmark just $70 billion shy of its value the day before US President Donald Trump launched his global trade war.
