Thursday's papers: Trump tariff u-turn, tax cut consideration, Finnair turbulence

Thursday's papers: Trump tariff u-turn, tax cut consideration, Finnair turbulence

Finnish newspapers struggle to make sense of the latest twist in the Trump tariff saga.

S&P Rose Sharply on Tariff Policy U-turn But More Work at the Upside Still Needed to Neutralize Downside Risk - Action Forex

S&P500 edged lower on Thursday after rallying 10.2% previous day (the biggest daily gains in over a decade). Unexpected decision of President Trump to put heavy tariffs on a number of countries on hold for 90 days, revived optimism and lifted stock markets. Although fresh rally retraced the largest part of heavy losses sparked by […] The post S&P Rose Sharply on Tariff Policy U-turn But More Work at the Upside Still Needed to Neutralize Downside…

Trump's U-Turn and Why a Longer Rally Could Start

💡Trump delays tariff implementation for 90 days, easing investor fears💡Markets responded with exceptional gains💡ETF outflows shrink, signaling return of institutional confidence

Trump tariff U-turn has immediate impact on the market

US president Donald Trump’s late-in-the-day U-turn had an immediate impact on the market on Wednesday evening. The euro, which had been strengthening through the week as traders looked for a safer place for their money, lost 0.9% against the pound and 0.7% against the dollar. Wednesday began with continuing selloffs in the Asian and European markets and there were signs that traders were selling their US and UK government bonds. This lack of tru…