Daily Stock Market Report (Thur 10 April 2025) - 90 day pause

Good morning! These markets are extraordinary - the Samp;P rose 9.5% yesterday and the FTSE is this morning scheduled to open up by 5% after Trump announced a 90-day pause on his "reciprocal" tariffs - with the exception of China.

Comment from Mark:
Good morning! Mark here. It’s going to be a good day! The FTSE futures are up over 5% as Trump tweeted last night that tariffs on everywhere but China would be “paused” for 90 days at 10%. Unfortunately, the UK was already at 10%. However, oil rose around 10%, Gold was up 4% and the NASDAQ almost 10%, so these factors have dragged the FTSE higher.
I can’t help feeling that this isn’t all over, though. Even 10% tariffs embed inflation into the US economy, perhaps meaning rates stay higher for longer. Plus, who would make a major investment decision when policies are changing so rapidly? So we may see a US recession anyway. 90 days is long enough for a brief respite and then markets to start to worry about the upcoming “cliff edge”.
However, today isn’t a day for such a curmudgeonly reality. Enjoy the rise for as long...