Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

Euro rally fizzles, ECB expected to hold rates

The ECB is expected to hold interest rates on Thursday. The ECB has cut rates for seven straight meetings but is concerned about the lack of clarity over President Trump's trade policy, with no agreement yet between the EU and the US.

23-07-2025 12:55 GMT by Kenneth Fisher

Markets Today: FTSE 100 Hits Record High Amid European Market Surge, Tesla & Alphabet Earnings Ahead

European stocks rallied over 1% on Wednesday, driven by hopes of a US-EU trade deal. The STOXX 600 index climbed 1.1%, and the UK’s FTSE 100 hit a record high. Carmaker shares surged, with Temenos jumping 18.1% after raising its earnings forecast. UniCredit and Lonza also saw gains, while Nokia and ASM International dropped. Gold prices rose.

23-07-2025 09:59 GMT by Zain Vawda