This article is from the source 'bbc' and was first published or seen on . The next check for changes will be
You can find the current article at its original source at https://www.bbc.com/news/articles/cx26v8x24w1o
The article has changed 15 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Stocks fall again as Trump tariff jitters continue | Stocks fall again as Trump tariff jitters continue |
| (32 minutes later) | |
| Shares fell again on Friday as markets continued to react to the uncertainty surrounding the economic impact of US tariffs. | Shares fell again on Friday as markets continued to react to the uncertainty surrounding the economic impact of US tariffs. |
| European markets saw further falls as trading got under way, with the UK's FTSE 100 index down 1.8% and Germany's Dax dropping 2%. Asian markets had also declined earlier. | |
| The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with US markets having their worst day since the impact of the Covid pandemic in 2020. | The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with US markets having their worst day since the impact of the Covid pandemic in 2020. |
| Traders are concerned the tariffs will increase prices and weigh on growth in the US and abroad. | Traders are concerned the tariffs will increase prices and weigh on growth in the US and abroad. |
| Trump told reporters on Thursday he thought things were going "very well", adding: "The markets are going to boom." | Trump told reporters on Thursday he thought things were going "very well", adding: "The markets are going to boom." |
| But on Friday markets continued to slide, with France's Cac 40 index down 1.4%. | |
| Trump has said the tariffs will boost US economic growth, but some economists have warned of a slowdown in the US and in the global economy. | Trump has said the tariffs will boost US economic growth, but some economists have warned of a slowdown in the US and in the global economy. |
| The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the new tariffs "clearly represent a significant risk to the global outlook at a time of sluggish growth". | The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the new tariffs "clearly represent a significant risk to the global outlook at a time of sluggish growth". |
| She said the IMF was still looking into the "macroeconomic implications" of the measures and stressed the need to avoid actions that could do more damage to the global economy. | She said the IMF was still looking into the "macroeconomic implications" of the measures and stressed the need to avoid actions that could do more damage to the global economy. |
| Live: Follow the latest reaction to the US tariffs | Live: Follow the latest reaction to the US tariffs |
| At a glance: What Trump's new tariffs mean for the EU, China and others | At a glance: What Trump's new tariffs mean for the EU, China and others |
| Explainer: What are tariffs and why is Trump using them? | Explainer: What are tariffs and why is Trump using them? |
| Russ Mould, investment director at AJ Bell, said the "relentless selling" had continued despite investors "hoping the pain would go away". | Russ Mould, investment director at AJ Bell, said the "relentless selling" had continued despite investors "hoping the pain would go away". |
| "There are so many moving parts that getting your head around the situation [as an investor] isn't easy," he said. | "There are so many moving parts that getting your head around the situation [as an investor] isn't easy," he said. |
| "With countless sectors set to be hit by tariffs, it's difficult to know where to begin to comprehend the situation." | "With countless sectors set to be hit by tariffs, it's difficult to know where to begin to comprehend the situation." |
| Banking stocks fell on economic growth fears and expectations that central banks would make more interest rates cuts to encourage spending. | Banking stocks fell on economic growth fears and expectations that central banks would make more interest rates cuts to encourage spending. |
| Some economists are concerned about a US and global slowdown, meaning banks would be lending less, and lower interest rates mean banks make lower margins. | Some economists are concerned about a US and global slowdown, meaning banks would be lending less, and lower interest rates mean banks make lower margins. |
| HSBC shares dropped more than 5.6%, UBS fell about 3.8%% and BNP Paribas slid 5.7%. That followed sharp sell-offs of Asian and US banks on Thursday. | HSBC shares dropped more than 5.6%, UBS fell about 3.8%% and BNP Paribas slid 5.7%. That followed sharp sell-offs of Asian and US banks on Thursday. |
| The dollar index, which measures the US currency against six peers, had sunk 1.9% on Thursday, the sharpest drop since November 2022, but on Friday it regained some ground, rising by 0.6%. | |
| By mid-morning on Friday: | |
| The FTSE 100 share index was down 1.8% at 8,321 points | |
| The Cac 40 was down 1.4% at 7,469 points | |
| The Dax was down 2% at 21,267 points | |
| Friday's falls came after the tariff announcement triggered the steepest drop in US stocks since 2020 on Thursday. | |
| The US S&P 500 share index closed down 4.8% while the Nasdaq - which is dominated by tech firms - sank by nearly 6%. | |
| Nike, Apple and Target were among big consumer names worst hit, with all of them seeing their shares plunge by more than 9%. |