Rollercoaster for US stock markets as tariff uncertainty puts investors on edge – business live | Business
A summary
A quick recap…
It’s turning into another very volatile day in the financial markets, as investors grow more fearful that Donald Trump’s trade war will trigger a recession.
European stock markets are in the red in late trading, with the FTSE 100 index down 2.5%, or 205 points, at 7849 points.
Germany’s DAX is down 3.5% in early trading, while France’s CAC has lost 4%.
It’s been a roller-coaster rise on Wall Street – stocks initially plunged, but then rocketed higher following a report that Trump was considering a 90-day pause to many of his new tariffs.
However, that rally fizzled out as the White House denied this claim.
So was that 90-day tariff pause tweet (now proven entirely false) the largest fake news-driven…
