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FTSE CLOSE: UK market down 1. Read this: FTSE CLOSE: UK market down 1. The FTSE 100 index closed down 1. 47 per cent today, or 105. Investors were rattled by worries about a trade war triggered by Donald Trump’s stell tariffs and failed to be cheered by Theresa May’s Brexit speech.
Tariffs do not go down well, it seems. European markets, with their heavy concentrations of industrial stocks, are suffering a double whammy of US tariff concerns and the return of their old foe, a stronger euro. In London the big news has been the speech from the Prime Minister. As ever, it has generated the usual variety of responses, but the aim of conciliatory approach from the UK runs through the text, emphasising the need for both to come together.