Ian Smith

1 month ago | financialpost.com | Leslie Hook |Ian Smith

Investors are bracing themselves for Trump’s expansive new tariff announcement. Many economists fear the move will hit global growth, triggering a search for safe assets. “Uncertainty is one of the main factors that has led to a renewed interest in gold,” said Krishan Gopaul, senior analyst at the World Gold Council, an industry body.

1 month ago | businessandamerica.com | Ian Smith

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldEuropean investors in US equities have been dealt a double blow as a slide in the dollar compounds losses on stocks, ending a “virtuous cycle” of share price and currency gains during Wall Street’s recent record run. The slump in US stocks this year has confounded a widespread bet that Wall Street would continue to outperform.

1 month ago | businessandamerica.com | Ian Smith

Stay informed with free updatesSimply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England has kept interest rates on hold at 4.5 per cent, while leaving the door open to further reductions this year as it grapples with both global trade tensions and continuing price pressures in the UK.

1 month ago | businessandamerica.com | Ian Smith

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK bond sales are forecast to rise to almost £310bn next year, a near record sum that will provide the latest test of market confidence in Rachel Reeves’ spending plans. Alongside the chancellor’s Spring Statement on public finances on March 26, the UK’s Debt Management Office will announce its intended issuance for the coming fiscal year.

2 months ago | businessandamerica.com | Ian Smith

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will need to lay out harsh spending cuts to offset higher borrowing costs in her Spring Statement this month, investors have warned, as a recent rise in bond yields intensifies the pressure on the UK chancellor.