On 'Manic Monday,' the London Stock Market plummeted 100 points, largely influenced by the ongoing tariff conflicts initiated by President Trump against China, Mexico, and Canada. Analysts noted the strong negative reaction from investors, with the blue chip index falling 112 points. Currency markets reflected this turmoil as the pound and Bitcoin also declined. Investors displayed a 'risk-off' attitude, with minimal stocks performing well and fears about economic slowdowns impacting commodities and real estate. The possibility of sustained higher tariffs prompts concerns about a reconfiguration of trade terms.
The London Stock Market opened 100 points lower on 'Manic Monday' amid the US President's tariffs war on China, Mexico and Canada.
Neil Wilson, analyst at TipRanks, described President Trump's moves as 'less of a negotiating tactic than a sledgehammer,' indicating substantial market impact.
Investors are fearful as market sentiment suggests that tariffs could lead to significant changes in trade terms and economic activity.
Brokers AJ Bell highlighted that only four stocks remained in positive territory on the FTSE 100, painting a picture of negative market sentiment.
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