Sir Dave Ramsden says risks to the BoE’s inflation target as two-sided, requiring ‘gradual and careful approach’ to rate cuts
European stock markets have opened in the red, as trade war concerns escalate.
The pan-European Stoxx 600 index fell 0.5% at the start of trading, with Germany’s DAX down 0.6%.
Markets were in a stressed mood of their own yesterday, with renewed tariff threats from President Trump in addition to a sharp tech sell-off that saw the Magnificent 7 (-3.03%) post its worst day of 2025 so far as Nvidia slumped -8.48% after its earnings the previous evening.
This marked a sixth consecutive decline for the Mag-7, the first time that’s happened since April last year, and it now leaves the index -13.56% beneath its December peak.
Continue reading…Sir Dave Ramsden says risks to the BoE’s inflation target as two-sided, requiring ‘gradual and careful approach’ to rate cutsEuropean stock markets have opened in the red, as trade war concerns escalate.The pan-European Stoxx 600 index fell 0.5% at the start of trading, with Germany’s DAX down 0.6%.Markets were in a stressed mood of their own yesterday, with renewed tariff threats from President Trump in addition to a sharp tech sell-off that saw the Magnificent 7 (-3.03%) post its worst day of 2025 so far as Nvidia slumped -8.48% after its earnings the previous evening.This marked a sixth consecutive decline for the Mag-7, the first time that’s happened since April last year, and it now leaves the index -13.56% beneath its December peak. Continue reading…