Rolling coverage of the latest economic and financial news
The London stock market is open, and shares are sliding.
The FTSE 100 index of blue-chip shares has dropped to a two-week low in early trading, down 72 points or 0.85% at 8585 points.
‘’The last day of March is spring-loaded with uncertainty on financial markets. Unease about the effect of Trump’s tariffs has been amplified, causing sharp moves at the start of the week. London-listed stocks will not be immune to the tariff fall out, with the FTSE 100 set for a difficult start to the week as investors brace for the debilitating effect of widespread tariffs.
There have been steep falls on indices in Asia as hopes for a more targeted set of fresh duties have evaporated. The President’s comments over the weekend appeared to indicate that blanket new tariffs would be unleashed on Wednesday, a day he’s dubbed ‘Liberation’ day but one which is likely to ensnare many more countries in his punishing trade policies.
Continue reading…Rolling coverage of the latest economic and financial newsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsThe London stock market is open, and shares are sliding.The FTSE 100 index of blue-chip shares has dropped to a two-week low in early trading, down 72 points or 0.85% at 8585 points.‘’The last day of March is spring-loaded with uncertainty on financial markets. Unease about the effect of Trump’s tariffs has been amplified, causing sharp moves at the start of the week. London-listed stocks will not be immune to the tariff fall out, with the FTSE 100 set for a difficult start to the week as investors brace for the debilitating effect of widespread tariffs.There have been steep falls on indices in Asia as hopes for a more targeted set of fresh duties have evaporated. The President’s comments over the weekend appeared to indicate that blanket new tariffs would be unleashed on Wednesday, a day he’s dubbed ‘Liberation’ day but one which is likely to ensnare many more countries in his punishing trade policies. Continue reading…
