Live, rolling coverage of business, economics and financial markets as US president said he would impose first tariffs of new administration on 1 FebruaryEuropean stock markets have moved in lockstep at the opening bell on Friday morning.Here are the opening snaps via Reuters:EUROPE’S STOXX 600 UP 0.2%BRITAIN’S FTSE 100 UP 0.2%; GERMANY’S DAX UP 0.1%FRANCE’S CAC 40 UP 0.2%; SPAIN’S IBEX UP 0.2%EURO STOXX INDEX UP 0.2%; EURO ZONE BLUE CHIPS UP 0.2%We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.Our data show that investors are getting used to Trump’s policy shifts and rhetoric. Fear of a meaningful change in immigration policy, tariffs and spending has not been borne out.Our mood index, which captures equity buying against bill selling, remains extremely positive but with peaks this week, suggesting significant downside risks for the month ahead. Continue reading…
Source link : https://www.theguardian.com/business/live/2025/jan/31/canada-mexico-donald-trump-tariffs-saturday-uk-house-prices-inflation-ftse-100-federal-reserve-business-live-news
Author : Jasper Jolly
Publish date : 2025-01-31 08:04:00
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Canada and Mexico brace for Trump tariffs on Saturday; UK house price growth slows – business live
By IntelliNews