FTSE 100 drops and is on track for its worst week in a year, as Germany’s Dax index slidesBusiness live – latest updatesEuropean stock markets have slumped after Donald Trump’s second reversal on tariffs caused deep uncertainty among investors, while the euro was on track for its biggest weekly rise since the financial crisis.Germany’s Dax index dropped by 1.6%, as weak factory data added to the signs of difficult economic conditions. France’s Cac 40 fell by 1.2%, while London’s FTSE 100 dropped by 0.5% on Friday morning, after the US benchmark S&P 500 index fell 1.8% on Thursday night to its lowest level since early November. Continue reading...
European stock markets fell due to uncertainty surrounding delayed Trump tariffs, while the euro surged, potentially marking its best week since the financial crisis. Trump blamed "globalists" for market reactions to his trade war. Germany's increased defense spending also strengthened the euro. Oil and Bitcoin prices experienced volatility amid global economic concerns.
