{
}
JPMorgan forecasts a contraction in US GDP to -0.3% due to President Trump's tariffs, predicting a rise in unemployment to 5.3%. The S&P 500 dropped significantly, erasing $5.4 trillion in market value, while other banks also revised growth projections downward. Fed Chair Jerome Powell indicated a cautious approach to interest rate adjustments amid rising inflation concerns.
Trump's potential tariffs could benefit the U.K. by sparing it from severe trade penalties, unlike the EU and China, due to a tighter trade balance focused on services. Analysts suggest that the U.K. might negotiate concessions or exemptions, raising hopes for a bilateral trade deal, despite skepticism about political will on both sides. The changing political landscape in the U.K. complicates negotiations, particularly regarding food standards and EU relations.
According to UBS, Trump's proposed tariffs could lead to a 10% decline in the S&P 500, with projections of 5,200 points in 2025 and 5,650 in 2026. The analysis suggests significant negative impacts on global markets, particularly for foreign stocks, while a Republican victory may favor corporate tax cuts and deregulation. In contrast, a Democratic win could benefit European and emerging market stocks by reducing trade policy risks.
UBS forecasts that Trump's proposed tariffs could lead to a 10% decline in the S&P 500 next year, with the index projected to end at 5,200. The analysis suggests significant negative impacts on global stocks, particularly in Europe and China, while a Republican sweep in the upcoming election may provide a more favorable outlook for U.S. equities.
Jonathan Pingle
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
jpmorgan predicts recession as trump tariffs impact us economy and jobs
United States Dollar
Citizens, Inc.
JPMorgan Chase & Co.
Barclays PLC
USA
Jonathan Pingle
Jerome Powell
Michael Feroli
Show more
17:06 05.04.2025
trump tariffs may create trade opportunities for the united kingdom
British Pound Sterling
United States Dollar
Euro
UBS AG
Capital Economics Ltd.
Berenberg Bank
Eurasia Group
USA
GBR
CHN
Mujtaba Rahman
Jonathan Pingle
Donald Trump
Phil Murphy
Keir Starmer
Show more
09:58 13.11.2024
Trump's proposed tariffs could significantly impact global stock markets, UBS warns
United States Dollar
MSCI Inc.
FactSet Research Systems Inc.
Forbes AND Lomax LLC
UBS SA
CHN
USA
Jonathan Pingle
Jonathan Golub
Show more
11:18 11.10.2024
trump tariffs could lead to significant declines in global stock markets
21:39 10.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Industry Mergers & Acquisitions
Retail and Consumer Goods
Financial Scams and Security
Market Analysis and Predictions
Global Financial Events
Global Trade Developments
AI Innovations
Banking Regulations
CEO Changes
Hedge Funds & Private Equity
Supply Chain Management
Startups & Entrepreneurship
Funding Rounds & Investments
Central Bank Actions
Workplace Trends
Energy Sector Developments
Countries:
Companies:
Barclays PLC
NVIDIA Corporation
JPMorgan Chase & Co.
Tesla, Inc.
Morgan Stanley
The Goldman Sachs Group, Inc.
Capital One Financial Corporation
Wells Fargo & Company
Apple Inc.
Bank of America Corporation
Huawei Technologies CO. Ltd.
UBS Group AG
Tesmec S.p.A.
Netflix, Inc.
Deutsche Bank RV Global PP
Citigroup Inc.
The Charles Schwab Corporation
SMIC
HSBC Holdings plc
Google Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Swiss Franc
British Pound Sterling
United Arab Emirates Dirham
Japanese Yen
Hong Kong Dollar
Canadian Dollar
South Korean Won
Singapore Dollar
Australian Dollar
Offshore Chinese Yuan
Danish Krone
Vietnamese Đồng
Brazilian Real
Colombian Peso
Malaysian Ringgit
Swedish Krona
People: