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Binyamin Netanyahu addressed the Israeli public today, insisting that Donald Trump’s ceasefire was “fully co-ordinated” with Israel. Reports suggest otherwise. Israel, which launched the war alongside America, has plainly not achieved its aims in Iran. Having declared that the truce did not extend to its war in Lebanon, Israel killed more than 250 people in strikes there today. Is Israel a partner, scapegoat or spoiler?
Buttonwood, our markets columnist, looks at the performance of “Trump trades”, ie, bets that the president’s policies would help some companies’ shares more than others. The high point of a “long Trump, short Biden” basket, he finds, was in the middle of last year. |