London —British stock markets soared Thursday after the U.S. president said he’d “suspend the tariff on products from several nations for 90 days.” That provided investors with some relief following unprecedented levels of volatility in global markets of late.
Top UK stocks nudged higher, with the FTSE 100 index rising around 3%, its biggest one-day increase since March 2022. The FTSE 250 index of mid-caps climbed 3.5%, its largest single-day advance since July 2023.
Our current largest tariffs are suspended, as was announced Wednesday by the U.S. Less than 24 hours after they were issued, Mr. President. The White House also stated that a 10% tariff on an extensive range of U.S. imports still stands.
The EU too had paused its initial countermeasures for 90 days.
The same is with U.S. Chinese tariffs US to 104% to 125%, US tariffs to 84% goods, respectively.
Gains Were Widespread Across Sectors
On the domestic trading front, all FTSE 350 sub-sectors were in positive territory. Shares of personal goods rose sharply, with the sector up 6%. Precious metals (PHYS) and industrial metals (XLB) were next with increases of 5.3% and 3.7%, respectively.
Tensions between the US and China boosted demand for safe-haven bullion, prompting gold prices to rise more than 1%, adding to the previous session’s gains.
Copper, Other Base Metals Prices Jump Significantly in Line with Other Risk Assets After Partial U.S. tariffs.
Tesco’s Profit Warning
On a more personal note, the food chain has fallen by 6.1%. The company’s profit this financial year is set to decline as it channels money into meeting aggravated competition in its markets, the company said in a statement.
Focus on U.S. nice comment by BoE on inflation data
The answer, it turned out, was a little data on the economy that had U.S. unexpectedly by 0.1% in March from the previous month. U.S. In the context of the U.S.-China trade scene, it was said, inflation risks continue to attract attention.
The Bank of England’s Deputy Governor of Financial Stability, Sarah Breeden said: “The uncertainty about U.S. currency tariffs, for example, on U.K. “As she indicated, this might be due to the fact that the U.S. probably is going to save down slightly some economic growth from the new policies.
Continued Weakening in The International Market
The selloff in bonds was starting to heat in the pressure on global stocks and the U.S. dollar Friday, Slideshow The trends in the mid-weeks took place in the wake of both the U.S. and China imposing tariffs on each other. This is deepening the worries that a global economic downturn was looming large in the corner and undermining the morale of the U.S. assets.
