FTSE plummets to one-year low amid global stock market chaos

[CharlieH]

 

The FTSE 100 plummeted to a one-year low just minutes after opening, reflecting a worldwide market downturn sparked by fears of an international trade war. Investors are increasingly worried about a potential recession, following a dramatic sell-off that erased trillions from equity values. This turmoil began after Donald Trump's administration announced expansive tariffs last week.

 

US President Trump, however, remained unconcerned about the significant market drop, describing the tariffs as necessary "medicine" to address deeper issues. Despite his reassurances, global markets remain on edge, with the FTSE 100 experiencing a drastic 5% drop within the first ten minutes of trading.

 

The panic spread across Europe, with Germany’s Dax index tumbling 6.5% and France’s Cac 40 declining by 5.3%. Asian markets mirrored the unrest, as Hong Kong’s Hang Seng index fell over 12%, its most significant decline since the 2008 financial crisis.

 

UK Prime Minister Sir Keir Starmer warned that the "world as we knew it has gone" in the wake of these developments. Meanwhile, billionaire Bill Ackman, a former Trump supporter, called for a pause on the tariffs to prevent an "economic nuclear winter", highlighting concerns about diminishing confidence among global business leaders.

 

Based on a report by The Independent.

 

08.04.2025

 

 

[JimHuaHin]

Just the beginning!!!

[JonnyF]

1 hour ago, CharlieH said:

UK Prime Minister Sir Keir Starmer warned that the "world as we knew it has gone" in the wake of these developments.

 

Pure hyperbole to justify more backtracking on his empty promises. 

 

I bet Labour are rubbing their hands together. "This is even better than the imaginary 20 Billion black hole". 

[Chomper Higgot]

1 hour ago, JonnyF said:

 

Pure hyperbole to justify more backtracking on his empty promises. 

 

I bet Labour are rubbing their hands together. "This is even better than the imaginary 20 Billion black hole". 

The U.S. attacks the British and world economies with tariffs and undermines the defense treaties the UK is a party to.

 

PM Starmer points out the UK needs to adjust to the new world order these attacks are causing.

 

You, a self professed British patriot, attack the British PM.

[thaibeachlovers]

I'm not going to look it up, as those charts are a foreign language to me, but I doubt the consequences will be worse than in 2008, and the world didn't burn then. Despite the criminal actions of those that caused that fiasco, no one was using this sort of language against them, which indicates to me that this is just an excuse to use hurty words about Trump.

 

Why is it that so many people have their brains fall out of their heads whenever they see the word Trump?

[thaibeachlovers]

2 hours ago, JonnyF said:

 

Pure hyperbole to justify more backtracking on his empty promises. 

 

I bet Labour are rubbing their hands together. "This is even better than the imaginary 20 Billion black hole". 

Starmer is a moron IMO. I know that he was elected because the Tories were so rotten, but didn't Labour have anyone better than that ignoramous?

[thaibeachlovers]

4 hours ago, CharlieH said:

Meanwhile, billionaire Bill Ackman, a former Trump supporter, called for a pause on the tariffs to prevent an "economic nuclear winter", highlighting concerns about diminishing confidence among global business leaders.

Ooh, does Bill Ackman think he might lose a few $ because of Trump? Seems like he was only a Trump supporter because he thought he'd make more money under a Trump presidency. Just another rich nobody out for himself, IMO.

[James105]

11 minutes ago, thaibeachlovers said:

Ooh, does Bill Ackman think he might lose a few $ because of Trump? Seems like he was only a Trump supporter because he thought he'd make more money under a Trump presidency. Just another rich nobody out for himself, IMO.

 

How anyone can express surprise or shock that tariffs were introduced is beyond my comprehension.  Every time Trump spoke before the election he was talking about implementing tariffs.  Now he has implemented exactly what he talked about implementing.   The fact that the markets didn't price this in when Trump was elected just goes to show how the system is so used to presidents making and then breaking promises simply to get elected.  This should not have come as a shock to the markets or the likes of Bill Ackman unless they presumed that they were getting yet another controllable puppet as president that they can manipulate to their will.   

[hotsun]

7 minutes ago, James105 said:

 

How anyone can express surprise or shock that tariffs were introduced is beyond my comprehension.  Every time Trump spoke before the election he was talking about implementing tariffs.  Now he has implemented exactly what he talked about implementing.   The fact that the markets didn't price this in when Trump was elected just goes to show how the system is so used to presidents making and then breaking promises simply to get elected.  This should not have come as a shock to the markets or the likes of Bill Ackman unless they presumed that they were getting yet another controllable puppet as president that they can manipulate to their will.   

Ackman is a loser. He went on television during the covid crash and declared the end of the world. That day was known as the bill ackman bottom. Now that his name is appearing again that means the bottom should be nearing

[thaibeachlovers]

14 minutes ago, James105 said:

 

How anyone can express surprise or shock that tariffs were introduced is beyond my comprehension.  Every time Trump spoke before the election he was talking about implementing tariffs.  Now he has implemented exactly what he talked about implementing.   The fact that the markets didn't price this in when Trump was elected just goes to show how the system is so used to presidents making and then breaking promises simply to get elected.  This should not have come as a shock to the markets or the likes of Bill Ackman unless they presumed that they were getting yet another controllable puppet as president that they can manipulate to their will.   

On that post I congratulate you. So factual and devoid of BS that should it even be on this forum?

As for politicians lying- how did the system become so broken that we assume politicians lie every time they speak?

 

[JonnyF]

51 minutes ago, thaibeachlovers said:

Starmer is a moron IMO. I know that he was elected because the Tories were so rotten, but didn't Labour have anyone better than that ignoramous?

 

I honestly don't think they did.

 

DEI Lammy, Rachel from accounts, Rayner, Miliband, Cooper etc. It's like the opening sequence to The Muppet Show.