RE: Forward look is good28 Feb 2025 08:57
The FTSE 100 fell on Friday, though it outperformed other European indices during a broad market selloff triggered by rising trade tensions. President Trump threatened 25% tariffs on EU imports, including cars, saying they would be announced "very soon." He also confirmed that 25% tariffs on goods from Canada and Mexico, along with an additional 10% tax on Chinese imports, will take effect on March 4. Major stocks, including AstraZeneca, HSBC, Shell, and BP, dropped between 0.3% and 1.3%. However, IAG shares surged nearly 4% after the airline reported strong results and announced a β¬1 billion share buyback. Pearson also rose over 4%, joining other London firms buying back shares this earnings season.
Other good thing is Brent heading down from $74 ππ