The FTSE 100 gained on Wednesday as investors tentatively dipped their toes back into stocks in early trade after another poor finish to yesterday’s trade.
Gains accelerated after a softer-than-expected US CPI raised hopes of a Fed rate cut. Consumer prices rose 2.8% in February, compared to estimates of 2.9%.
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After days of sharp declines in Europe and the US, equities showed signs of stabilisation on Wednesday. But as we’ve seen already this week, these gains could be short-lived should Trump decide to attack another trading partner with a fresh tariff.
“The winds keep blowing in different directions on tariffs that it is impossible for markets to establish the lay of the land,” said Russ Mould, investment director at AJ Bell.Â
“Donald Trump keeps moving the goal post and investors are getting fed up. Metal tariffs are today’s special on the menu and they’ve been a major catalyst for many of…
