(8 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
London – 8 April 2025
1. Screen showing a drop in global markets over the past week
2. SOUNDBITE (English) Chris Beauchamp, IG chief market analyst:
++PARTIALLY OVERLAID WITH SHOT 1++
"I think what we saw over the past week really is the sort of the biggest set of losses in a short space of time since COVID, really, because you’ve had a sudden shock to the markets. In a similar way to what you had five years ago, suddenly there was the expectation of the shutdown of the global economy. Now you’re facing potential global recession."
3. Beauchamp working
4. SOUNDBITE (English) Chris Beauchamp, IG chief market analyst:
++PARTIALLY OVERLAID WITH SHOT 6++
"We’ve seen them recover slightly from the lows of Monday. So we kind of had a sort of a washout on Monday, and then we had a bit of a bounce. But I think there’s still a lot of caution, because you had the EU last night saying they expected to impose a 25% tariff, though they were open to negotiations. So there’s hope, I think, that there’ll be some kind of deal over the next few weeks, and that’s leading to some small recovery in stock markets at the moment."
5. Wide of trading floor
6. SOUNDBITE (English) Chris Beauchamp, IG chief market analyst:
++PARTIALLY OVERLAID WITH SHOT 5, 7++
"It’s very, very hard to say (how long it will last) at the moment, because of the size of the tariffs and it depends how long they stay in place as well. If they are negotiated away or brought down, then you might have a more sustained recovery, but the key will be in the data in the weeks and months to come. If you get data that shows the economy is slowing, that inflation has returned, that will be a sign that maybe we’re heading towards a period of weaker economic growth, possibly even rescission."
7. Close of screen showing a slight recovery in markets in the morning
8. Mid of exterior of London Stock Exchange building
STORYLINE:
UK market analysts responded cautiously to a slight market recovery as world shares and U.S. futures advanced Tuesday.
Led by gains in Tokyo where the Nikkei 225 shot up just over 6%, markets calmed somewhat after the shocks from President Donald Trump’s tariff hikes.
The modest rebound for most markets followed a wild day on Wall Street, where stocks careened after Trump threatened to crank his double-digit tariffs higher.
"What we saw over the past week really is the sort of the biggest set of losses in a short space of time since COVID," said Chris Beauchamp, IG chief market analyst in London.
"We’ve seen (the markets) recover slightly from the lows of Monday," Beauchamp said, but added that "there’s still a lot of caution."
Germany’s DAX gained 0.9% to 19,975.81 while the CAC 40 in Paris was up 1.3% at 7,018.79. Britain’s FTSE 100 also picked up 1.3%, to 7,804.73.
The future for the S&P 500 gained 1.5% early Tuesday while the Dow Jones Industrial Average was up 1.9%.
According to Beauchamp, it’s uncertain how long the effects of Trump’s tariffs might last.
"If they are negotiated away or brought down, then you might have a more sustained recover, but the key will be in the data in the weeks and months to come," he explained.
AP Video by Kwiyeon Ha
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