financetom
World
financetom
/
World
/
UK stocks recover after sell-off triggered by hefty tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK stocks recover after sell-off triggered by hefty tariffs
Apr 8, 2025 4:35 AM

(Reuters) - Britain's main indexes recovered from their lowest levels in more than a year on Tuesday, as investors look for any indication of Washington softening its stance on the aggressive tariffs that have roiled global markets over the last few days.

The blue-chip FTSE 100 rose 1.4%, as of 1000 GMT, after falling for four consecutive sessions.

The domestically focused midcap index also gained 2.5%, after hitting its lowest point since November 2023 in the previous session.

Markets had been unsettled by U.S. President Donald Trump's announcement of sweeping trade tariffs last week, stoking fears of a global recession.

Trump said on Monday he would talk to China, Japan and other countries over the tariffs, but was not looking at a pause on the duties.

Separately, data from funds network Calastone showed British investors had piled into U.S. stocks in the weeks before Trump's tariff announcement.

During the day, 94 of the FTSE 100 stocks gained.

UK's aerospace and defence index rose more than 5%, with Babcock International Group leading the gains on the blue-chip index, followed by Rolls-Royce and BAE Systems.

The energy index climbed 3% as oil prices rebounded from a near four-year low in the previous session.

Industrial metal miners gained 2%, with Glencore advancing 3% after indigenous groups in Peru stopped blocking access to the company's Antapaccay copper mine following an agreement with government officials.

Company-wise, Howden Joinery rose 2% after the kitchen and joinery supplier said Jackie Callaway would succeed Paul Hayes as the chief financial officer.

Investment firm 3i Group has paused the sale process of pet food maker MPM to assess the impact of U.S. tariffs, Bloomberg News reported on Monday. Its shares rose 3%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MORNING BID AMERICAS-Oil keeps calm, MidEast conflict carries on
MORNING BID AMERICAS-Oil keeps calm, MidEast conflict carries on
Jun 23, 2025
(The opinions expressed here are those of the author, a columnist for Reuters.) By Mike Dolan LONDON, June 23 (Reuters) - What matters in U.S. and global markets today I'm excited to announce that I'm now part of Reuters Open Interest (ROI) , an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI...
Morning Bid: Oil keeps calm, MidEast conflict carries on
Morning Bid: Oil keeps calm, MidEast conflict carries on
Jun 23, 2025
LONDON (Reuters) -What matters in U.S. and global markets today I'm excited to announce that I'm now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X.  In this latest round of Middle East violence, the oil...
GLOBAL MARKETS-Shares and oil dither, as investors mull Iran risks
GLOBAL MARKETS-Shares and oil dither, as investors mull Iran risks
Jun 23, 2025
* Oil up 0.4%, off early highs, after US strikes Iran * Wall Street futures up, waiting to see how Iran reacts * Dollar up on yen, no broad rush to safety as yet (Adds quote in paragraph 3, updates prices throughout) By Nell Mackenzie and Wayne Cole LONDON/SYDNEY, June 23 (Reuters) - World shares slipped on Monday and oil...
Geopolitics Roils Asian Stock Markets
Geopolitics Roils Asian Stock Markets
Jun 23, 2025
06:51 AM EDT, 06/23/2025 (MT Newswires) -- Asian stock markets churned Monday, with China-connected exchanges shrugging off global politics on strength in bank, tech and property issues. Hong Kong and Shanghai finished higher, while Tokyo finished in the red, along with most other regional exchanges. In Japan, the Nikkei 225 opened lower on Middle East news, rallied on a softer...
Copyright 2023-2026 - www.financetom.com All Rights Reserved