July 15, 2025
Sterling sags as Trump tariff threats dent confidence
The pound fell, under broad pressure from investor worries about the impact on growth from Trump’s escalating trade war. Sterling fell against the euro even after Trump warned he would slap a 30% tariff on goods imports from the European Union.
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July 15, 2025
FTSE 100 rises on rate cut optimism
The UK’s FTSE 100 closed at a fresh record high as investors grew hopeful of future interest rate cuts by the Bank of England, while AstraZeneca’s shares gained following positive drug trial results.
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July 14, 2025
Oil rises as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2% to end last week as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further sanctions on Russia were also in focus.
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July 14, 2025
Trump intensifies trade war with fresh threats
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.
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July 11, 2025
Dollar rises against major currencies
The U.S. dollar rose against major currencies including the euro and the Swiss franc as currency markets largely shrugged off President Donald Trump’s latest tariff missives, except in Brazil where a threatened 50% levy sent the real sliding.
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July 11, 2025
Wall Street’s golden child Nvidia notches $4 trillion record close market cap
Nvidia’s stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the AI chipmaker’s position as one of Wall Street’s most-favored stocks.
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