Davy adjusts portfolios in response to market turmoil following US tariffs

Stockbroking firm to focus more on Europe and China

Davy said it has increased global equity allocation with continued emphasis on Europe and China and 'selective avoidance of US tech'. Picture: Sasko Lazarov/RollingNews.ie

Davy stockbrokers has implemented a number of adjustments to its portfolios following turmoil in the markets this month, placing more emphasis on equities in Europe and China and reducing its exposure to the dollar, the company has announced.

This comes following weeks of turmoil in the US stock and bond markets following president Donald Trump’s decision to implement tariffs on all imports coming into the country. The original tariffs varied by country but following market backlash Mr Trump reversed himself, instead implementing a 10% across-the-board tariff for 90 days.