From Yahoo Finance: 2025-03-26 17:02:00

Nasdaq slumps 2% as tariff fears intensify. Investors brace for U.S. President Trump’s announcement on auto tariffs. British finance minister updates on fiscal and economic health, challenging outlook for sterling and UK bonds. Tech sector hit hardest on Wall Street, major tech stocks see significant losses. Oil prices climb on U.S. inventory data and global supply concerns. Emerging market currencies slide amid political uncertainty in Brazil.

President Trump confirms tariffs on cars, sending markets lower. Investors face potential inflation and slower growth with tariffs looming. April 2 deadline and quarter-end prompt risk trimming. UK consumer inflation expectations rise to 4.2%, highest in two and a half years. Bank of Japan Governor reiterates willingness to raise interest rates to prevent inflation.

Tariffs and trade wars spell trouble for stocks. U.S. company earnings per share growth down, Barclays cuts S&P 500 year-end target. British finance minister cites global uncertainty for growth downgrade, challenging outlook for UK assets. Sterling may weaken as UK faces bleak growth prospects and increased public borrowing.

UK budget update provides short-term relief, but public finances still strained. Government borrowing set to exceed previous forecasts by 47.6 billion pounds. Growth outlook slashed, concerns of rising inflation and global trade war. Risks to growth skewed to downside with uncertain borrowing costs. Foreign investors critical to funding UK deficits, may demand higher returns or exit in crisis.

Gilt market offers attractive buying opportunity amid challenging public finances. UK faces heavy borrowing requirements, persisting “cheapness” in market. Jupiter Asset Management highlights deterioration in UK public finances. British finance minister tasked with navigating challenging environment for sterling and UK bond market. Markets await key events including U.S. GDP and Fed officials speaking.



Read more at Yahoo Finance: ‘Tariff Man’ flexes muscles, markets cower