UK inflation slows to 2.6% as food prices rise at a slower rate and fuel prices drop, while clothes prices are up as spring fashions enter shops
UK inflation falls to 2.6%, increasing pressure on Bank to cut interest ratesGood news on UK inflation may be short-lived amid trade war and rising household bills
The US president’s trade war could erode the US’s credibility, JPMorgan boss Jamie Dimon has warned, urging Washington to “engage” with Beijing.
Dimon told the Financial Times yesterday that the US remained “a haven” because of its prosperity, rule of law, and economic and military strength, but its economic pre-eminence could come under threat from the president’s attempt to reshape global trade.
A lot of this uncertainty is challenging that a little bit. So you’re going to be reading about this nonstop until hopefully these tariffs and trade wars settle down and go away so people can say, I can rely on America.
I don’t think there’s any engagement right now . . . it doesn’t have to wait a year. It could start tomorrow.
Trump’s trade war shows no signs of easing after the president ordered a probe into critical minerals, semiconductors and pharmaceuticals, sparking a fresh move towards safe havens and out of stocks.
Recent price upgrades from major banks have given investors the confidence to continue to buy.
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