marketsClosed Feb 3, 2025
Stocks are plunging across Europe and the dollar is surging over fears about US tariffsUS President Donald Trump announced levies on Canada and Mexico, and has said more are likely to follow for the European UnionEuropean bond yields fall while US Treasury yields rise, as traders shift their bets on rate cuts by central banks in 2025Join the Markets Today team — Sam Unsted, Morwenna Coniam and Nick Bartlett — for news and analysis vital to UK markets. Email us at marketstoday@bloomberg.net
14h 36m ago
That’s all from us for today. The FTSE 100 has closed off session lows, down 1.2%, while the pound has rebounded and is now up 0.2% against the dollar, trading back above $1.24. Gilt yields are lower, though less than European peers.
Join us again here tomorrow, when we’ll be back bringing you everything you need to know for UK markets.