FTSE 100 bounces back as beaten down stocks recover from tariff tantrum - Market Report
Published: 09:15 08 Apr 2025 BST
The FTSE 100 bounced back at the open after days of heavy losses since US President Donald Trump announced his new tariff regime last Wednesday.
In the first hour of trade, London's blue-chip index recovered 133 points, or more than 1.7%, to 7,831.
Top risers are Rolls-Royce Group and BA owner IAG, up 4% and 3.3% respectively.
Tech investors Scottish Mortgage Investment Trust and Polar Capital Technology Trust are also up around 3%.
Meanwhile, Belluscura, which makes portable oxygen concentrators for people who struggle to breathe, has withdrawn its financial guidance for the current year due to the new US tariffs on China.
It said a "significant proportion" of its portable oxygen concentrators, raw materials and component parts are currently manufactured in China.
Other companies yesterday, such as Applied Nutrition, said they may have to move some production to the US to avoid tariffs, while others, like Volex, highlighted that it often moves production to mitigate potential disruptions.
