This morning's chart for the FTSE 100 suggests that the markets are as unconvinced by Rishi Sunak's budget as I was:
As votes of confidence in a budget go that's about as bad as they get.
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Nonsense!!!… the stockmarket today has nothing to do with the budget and everything to do with the 5% fall in the S&P yesterday and US futures showing it opening up a further 4% lower. If you want to isolate one piece of recent news to explain the falls in international markets it’s Trumps travel ban. I don’t think investors around the world are too bothered by what our chancellor does or says!!
Tanya, the lack of coordinated action between US-UK-EU etc and their mixed messages has to be a major contributor to the market movements.
We need some leadership.
There is a crisis and it is becoming apparent to more people that, it might be a laugh having some jokers in charge, but its quickly turning to morbid or gallows humour now that it is a matter of life or death.
It’s not about what he says Tanya, rather the miniscule amounts of money he has put into his budget to deal with this. I agree that markets are truly global – and if so, it is Sunak whom seems not to have grasped it.
And yet the experts I work with on a daily basis would suggest otherwise!
What is the source of your claims?
WShy not tell us who these experts are John and what they do?