Thursday,13 March 2025 08:03:17

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Thursday,13 March 2025 at 07:58

UK and European markets are expected to open in mixed territory Thursday, stumbling lower as President Donald Trump’s tariffs policy upends global trading relationships.
Volatility has been the flavour of the week for markets with Trump’s tariffs on steel and aluminium imports —and retaliatory measures from the European Union and Canada — prompting declines across major bourses.

Asia-Pacific markets traded mixed on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses.

Gold held near $2,940 per ounce on Thursday, hovering close to record levels, as escalating global trade tensions continued to fuel safe-haven demand.

Brent crude oil futures fell below $71 per barrel on Thursday after gaining 2% in the previous session, as traders refocused on escalating global trade tensions.

Investors in Europe will be keeping an eye on earnings from Hugo Boss, Hannover Re and Deliveroo, with no major data releases due today.

Bulmer’s cider maker C&C said underlying operating profits would be "modestly below" target amid weaker consumer confidence and the impact of higher wages and employer taxes introduced in the Budget.

Halma hailed the "good progress" made during the second half of its financial year to date, with trading conditions across its end markets described as "varied".

Markets

AT THE OPEN

FTSE 100 8,535 (-0.15%)

FTSE 250 19,825 (-0.30%)

DAX 22,676 +1.56%

AT THE CLOSE

Dow Jones 41,350 (-1.14%)

S&P 500 5,599 +0.00%

NASDAQ 17,648 +1.22%

Fixed Income

UK 10-YR YIELD 4.681

Exchange Rates

GBP/USD 1.295

GBP/EUR 1.192

Commodities

Gold $2,935 (-0.08%)

Brent $70.94 (-0.03%)

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.