During Trump's first month in office, there were many headlines that caused volatility in assets during the last weeks of January, but without any fundamental economic changes.

The trade disputes triggered by Trump’s initial actions, particularly his tariff threats, are putting pressure on the market. However, Alberto Matellán, General Manager of La Financière Responsable (LFR), MAPFRE’s asset management subsidiary in France, argues that the impact will be temporary and the market will stabilize within a new international economic framework.