Ftse 100 Closes Higher as Us Selloff Continues
The FTSE 100 closed higher on Tuesday as traders weighed Donald Trump's comments on the Russia-Ukraine war and bitcoin's price decline, while US markets fell on Tuesday morning. The UK's defence spending is set to rise to 2.5% under Prime Minister Keir Starmer's plans. Crypto prices were volatile, with Bitcoin slipping below $90,000 and Ethereum more than 10% lower.
- As investors shift their focus from growth stocks to value stocks in response to the US selloff, it may signal a broader market correction that could have significant implications for global economies.
- Can central banks adapt quickly enough to contain the impact of rising inflation, which is seen as a major driver of the current economic uncertainty?