Black Monday Hits London Stock Exchange
10
World
April 7, 2025 15:21
london - London Stock Exchange faces 'Black Monday' as FTSE plunges due to import tariffs and recession fears.
London Stock Exchange in Turmoil
The FTSE plunges 4.1% as Trump maintains import tariffs, causing panic and recession fears.
Market Analysis:
- Melrose Industries drops 13%.
- Investors flock to safe havens.
- Obligation yields decline, signaling recession expectations.
Expert Insights:
- Investors experience panic selling and margin calls.
- Fears of Chinese devaluation add to market uncertainty.
Real Estate Impact:
Housing prices unexpectedly drop, attributed to tax exemption expiration for new buyers.
Market Comparison:
Comparisons to Covid-19 market crash in 2020.
FTSE Performance:
FTSE hits yearly low, influenced by Goldman Sachs warning of increased US recession risk.