A new year, but the markets have the same issues as another potential trade war emerges.

The AUD/USD forecast remains neutral to bullish as safe-haven flows limit the gains while a weaker dollar supports the pair.

European stock markets opened sharply lower on Monday following the escalation of trade risks after US President Donald Trump’s statements regarding potential new tariffs on goods from eight European countries.

Investors in stocks have enjoyed favorable returns across many asset classes over the last three years.

Fresh Trump tariffs dominate headlines with his threat to impose 10% tariffs on European countries starting February 1.

A look at 2025 returns and fund flows of benchmark index ETFs with the prior five years to highlight potential future market trends.

The S&P 500 remains range-bound below 7,000 as earnings season nears, with strong dip-buying interest and support building around the 6,850–6,800 area.