Blackrock has rapidly lowered its allocation recommendation for Bonds in the Eurozone due to limited defense spending and room for interest rate cuts.

The Carlyle Group's Chief Global Strategy Officer (CSO) and former Goldman Sachs CSI Commodity Equity Index Analyst Jeff Currie warned that the costs of metals such as Copper will incur a new "security premium". This is because tariffs mean that multiple countries need to pay more to ensure domestic supply.

S&P Global Market Intelligence data shows that the Europe Crossover Default Swap Index (ITRAXX Europe Crossover Index) has widened to 308 basis points, the largest increase since January 14.