Stock Markets have rallied this morning following Donald Trump’s announcement last night that he will delay the imposition of tariffs for a ninety day period
Both the FTSE 100 and FTSE 250 rose by more than 6 per cent as markets opened today. The FTSE 100 has recovered to more than 8,000 points, in the biggest rally in over five years
The European Union has agreed to pause tariffs on US imports for 90 days.
Meanwhile Sir Keir Starmer has said the government “won’t just sit back and hope” in response to the economic threat posed by new US tariffs, insisting Britain must “rise to the moment”.
Gold prices have risen again, with spot prices of the precious metals up by 0.9 per cent at $3,110.69 this morning.
However oil prices have retreated with Brent crude futures down by 0.6 per cent to $65.09 a barrel.
Long-term UK government bond yields fell sharply from an almost 30-year high today.
Overnight Japan’s Nikkei 225 index increased by 8.5 per cent, South Korea’s Kospi gained 5.9 per cent and Australia’s ASX 200 rose by 4.7 per cent in a relief rally.
