Tuesday,11 March 2025 16:35:53

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Tuesday,11 March 2025 at 16:31

UK and European stock markets were broadly in the red and extended losses after Trump said he would raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. The new measures come into effect from Wednesday.

US major indices were mostly in the red following yesterday’s heavy sell-off and after U.S. President Donald Trump announced fresh tariffs on Canada, adding to investor unease that his trade policies could trigger an economic slowdown.

Oil prices erased early losses and turned positive as the U.S. dollar weakened, making crude more attractive for overseas buyers.

Gold prices rose as concerns over trade tensions drove safe-haven demand.

In the corporate space, Delta Air Lines slashed its full-year guidance on the back of softened US demand, adding to worries about the state of the world's largest economy, while retailer Dick's Sporting Goods reported its largest sales quarter in company history.

Infrastructure services firm Kier Group slumped even as it posted a rise in first-half profit and revenue and lifted its dividend as it hailed a record order book.

Domino's Pizza fell despite delivering a 3.8% rise in full-year underlying core earnings as customers tucked into special offers in store and online.

Markets

At the close

FTSE 100 8,489 (-1.29%)

FTSE 250 19,766 (-0.55%)

DAX 22,398 (-1.43%)

At 16:32

Dow Jones 42,390 (-1.23%)

S&P 500 5,573 (-0.76%)

NASDAQ 17,428 (-0.23%)

Fixed Income

UK 10-YR YIELD 4.639

Exchange Rates

GBP/USD 1.294

GBP/EUR 1.184

Commodities

Gold $2,916 +0.98%

Brent $69.85 +0.97%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.