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London stocks were set to kick off the final month of the year steady, as investors mulled a jump in UK house prices and encouraging Chinese manufacturing data. There was nothing of note out on the corporate front, but data from Nationwide showed that house prices rose 3.7% on the year in November, up from 2.4% the month before. This marked the fastest annual growth since November 2022. On the month, they were up 1.2%, having risen just 0.1% in October. This was the largest monthly gain since ...Read More >
Trump said that from 20 January, he will impose a 25% tariff on all goods coming from Mexico and Canada as he looks to clamp down on illegal immigration and drugs, and an additional 10% tariff on China. Matt Britzman, senior equity analyst at Hargreaves Lansdown, said news of Trump's tariffs "sent shockwaves through global sentiment". "The President-elect's scorched-earth approach has stoked fears of a trade war, with investors increasingly wary that Europe could be next in his crosshairs," he ...Read More >
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