FTSE 250 (MCX) -3.93% 18,460.50
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(ShareCast News) By Friday midday, London stocks were plunging as Trump’s trade battle intensified following China’s announcement that it will levy further 34% tariffs on US imports.
The FTSE 250 saw a nearly 4% decline. China, whose exports to the US are now subject to 54% duties, announced that the tariffs would go into effect on April 10.
The International Monetary Fund president Kristalina Georgieva’s remarks that US tariffs were “a significant risk to the global outlook” also caused investors to pause and think.
She urged the United States and its trading partners “to work constructively to resolve trade tensions and reduce uncertainty” and mentioned that it was “important to avoid steps that could further harm the world economy” in her remarks.
Following a 6.4% decline on Thursday, oil prices dropped once more. As investors worried a slowdown in the global economy and an impending supply increase by OPEC+ countries next week, Brent crude fell nearly 2% to $68.79 a barrel. Diversified Energy and Harbor Energy were affected by the news.
Housebuilder Vistry and travel food outlet operator SSP both had significant declines in cyclical stocks, which are correlated with the state of the economy as a whole.
According to Russ Mould, AJ Bell’s investment director, “defensive stocks continued to buck the selloff.”
“You can see where people’s priorities lie – keeping the lights on, having a smoke and a pint of Guinness are simple pleasures when the world is falling apart,” I said. On a difficult day, the pub chain Mitchells & Butlers, Domino’s Pizza, Hilton Food, and competitor convenience food manufacturer Bakkavor all gained ground.
“Sadly, the unrelenting selling persisted, as markets in Asia and Europe fell, and futures pricing suggested that the US might follow suit when trading resumes later.
“It’s difficult to understand the situation since there are so many shifting components. It’s hard to know where to start when so many industries are going to be affected by tariffs.
According to Kathleen Brooks, research director at XTB, the March payroll statistics appear “very stale and out of date after this week’s tariff announcements.”
While SSE, National Grid, United Utilities, and Severn Trent had gains, Barclays, NatWest, HSBC, Lloyds, and Standard Chartered saw a decline.
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FTSE 250: Rising Stocks
HFG, or Hilton Food Group 864.00p3.23%
RICA Red PTG Pref Shares (Ruffer Investment Company Ltd.) 285.00p2.70%
GBP Shares of BH Macro Ltd. (BHMG) 379.50p1.47%
209.00p0.72% Mitchells & Butlers (MAB)
BAKK (Bakkavor Group) 189.20p0.53%
Pizza Group Domino’s (DOM)269.00p0.22%
74.20p0.00% of The Renewables Infrastructure Group Limited (TRIG)
CLS A-2 Mb FXD RTE NTS 31/12/23 (Reg S) Tami Senior Securitization 2 Ltd (BP00) 0.00p0.00%
Trust for Personal Assets (PNL) 505.00p0.00%
365.20p-0.05% for International Distribution Services (IDS)
Primary Health Properties (PHP) 97.75p 0.67% Pennon Group (PNN) 478.00p 1.01%
285.00p 0.42% B&M European Value Retail S.A. (DI) (BME)
FSFL, or Foresight Solar Fund Limited 79.00p, or 0.13%
Wind (UKW) Green coat UK 106.40p 0.09%
London (DLN) Derwent 1,880.00p 0.05%
88.60p 0.00% for Bluefield Solar Income Fund Limited (BSIF)
FTSE 250: The Fallers
Group Vistry (VTY)521.40p-11.02%
VSVS Vesuvius 332.00p-9.34%
177.06p-9.13% Harbour Energy (HBR)
912.00p-8.86% Diversified Energy Company (DEC)
TRST (Trustpilot Group) 193.13p-8.82%
63.27p-8.32% for Aston Martin Lagonda Global Holdings (AML)
8.29% Senior (SNR)128.00p
JUST (Just Group) 128.00p-8.18%
2,633.00p-8.03% RHI Magnesita N.V. (DI) (RHIM)
SSPG (SSP Group) 140.50p-7.94%
-8.55% TBC Bank Group (TBCG) 3,690.00p
Group Paragon Banking (PAG) 682.50p -7.77%
Carnival (CCL) 1,121.50p -7.54%
4,892.00p (-7.52%) for Lion Finance Group (BGEO).
-7.24% OSB Group (OSB) 392.20p
SSP Group (SSPG) -7.09% 142.80p
254.60p -7.08% Hochschild Mining (HOC)
Vesuvius (VSVS) -7.05% 340.40p
