On Tuesday the International Monetary Fund (IMF) published the latest edition of its World Economic Outlook. The IMF said Trump’s tariffs have been a “major negative shock” to the world economy as they slashed their forecasts for growth around the world.
On Wednesday, the Nasdaq fell 3.1% following the news that Nvidia will require licences to export its popular H20 AI chip to China. US officials advised the firm that the licence requirement will “be in effect for the indefinite future.” Nvidia shares tumbled nearly 7% on the day and have fallen further over the Easter weekend.
Trump set out the full details of his ‘reciprocal’ tariffs after the markets shut on Wednesday evening. The response during trading on Thursday and Friday was unequivocal and markets across the globe suffered their steepest decline since the pandemic. On Friday the S&P fell 6%, the FTSE 100 dropped 4.95% and in Japan the Nikkei was down 7.8% when trading closed this morning.
Trump set out the full details of his ‘reciprocal’ tariffs after the markets shut on Wednesday evening. The response during trading on Thursday and Friday was unequivocal and markets across the globe suffered their steepest decline since the pandemic. On Friday the S&P fell 6%, the FTSE 100 dropped 4.95% and in Japan the Nikkei was down 7.8% when trading closed this morning.
February’s UK public finance data, published on Friday, showed the government borrowed £10.7bn. That’s £4.2bn more than the Office for Budget Responsibility had estimated, and the fourth highest borrowing for a February since records began in 1993 (the three others occurred during the global financial crash and covid).
February’s UK public finance data, published on Friday, showed the government borrowed £10.7bn. That’s £4.2bn more than the Office for Budget Responsibility had estimated, and the fourth highest borrowing for a February since records began in 1993 (the three others occurred during the global financial crash and covid).
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