FTSE 100 Poised for Second Week of Gains as Tariff Fears Ease
FTSE 100 Poised for Second Week of Gains as Tariff Fears Ease
The FTSE 100 ended the day up 0.3%, despite a global market sell-off triggered by the latest escalation in Donald Trump’s trade war.
Zak Mir takes a charting look at the FTSE 100’s week from hell in the wake of US tariffs news, the worst decline since the start of the pandemic.
It was a brutal day for London-listed stocks, with the FTSE 100 closing down 5% and the domestically focused FTSE 250 falling 4.4%.
Financial markets are now in sharp decline after China hit back at the United States in response to the tariffs announced by Donald Trump on Wednesday night.
The Bank of England has kept UK interest rates steady at 4.5%, despite concerns that trade tensions could weigh on economic growth.
US stock markets moved higher in volatile trading as investors digested the latest jobs report and looked ahead to Federal Reserve Chair Jerome Powell’s speech later today.
It’s no longer news that the world is fast shifting from hard currency and centralised finance to digital currency and Defi. Still, not all financial institutions have embraced cryptocurrency, and
UK lenders paid “advance commissions” to car dealers. According to legal filings related to the motor finance scandal, this practice may have incentivised them to push more expensive loans onto
Inflation surged at its fastest pace in 10 months in January, dealing a setback to expectations of a Bank of England interest rate cut in March.
Following policymakers’ recent decision to reduce borrowing costs, several major City banks predict that the Bank of England will slash interest rates again in May.
The Bank of England has lowered UK interest rates to 4.5%, marking the lowest level since June 2023.