2026년 2월 23일 · Unknown · financial · 출처 Uk
The FTSE 100 (^FTSE) and European stocks dipped as markets opened on Monday, reacting to new uncertainties around tariffs to be imposed by the US following threats by Donald Trump over the weekend.
On Friday, US Supreme Court justices outlawed most of the global tariffs the White House announced last year. In a 6-3 decision, the court held that the president had overstepped his powers.
On Saturday, in response to the ruling, Trump said he would lift the baseline tariff rate on imports from 10% to 15%, effective immediately. It remained unclear Sunday whether Trump had formally taken steps to enact the higher duties.
The tariff defeat at the Supreme Court won't undo deals negotiated with US partners including the EU, China, Japan and South Korea, US trade representative Jamieson Greer said on CBS on Sunday. He said those are separate from the new 15% tariff.
Meanwhile the EU's trade chief suggested the bloc would hold off on ratifying its deal with the US while it waits for clarity from the Trump administration.
The moves by Trump are the latest in a string of attempts to renegotiate the US's position in global trade. Most of the country's major trading partners have had to re-litigate deals over the past year to avoid blanket tariffs.
Market movers
London's premier index was 0.2% lower as markets opened in London. ICG (ICG.L) and London Stock Exchange Group (LSEG.L) were among the top fallers. The more domestically focused FTSE 250 (^FTMC) traded 0.5% in the red. Johnson Matthey (JMAT.L) was the top faller, down almost 13%, after it cut the price of its catalyst business sale to Honeywell. Over in Germany, the DAX (^GDAXI) was 0.7% lower. France's CAC 40 (^FCHI) dipped 0.3% following a rally on Friday. The pan-European STOXX 600 (^STOXX) fell 0.3%. The pound rose 0.3% against the dollar (GBPUSD=X), trading just above the $1.35 mark. Sterling is 1% lower over the past five sessions.LIVE5 updates
13 mins ago
Lucy Harley-McKeown
Here's the Johnson Matthey chart 35 mins ago
Lucy Harley-McKeown
Johnson Matthey cuts sale price of CT division by over a quarter to £1.3bn
Speciality chemicals firm Johnson Matthey (JMAT.L) has agreed to slash the sale price of its Catalyst Technologies (CT) business by more than a quarter to £1.33bn and extended the deadline for the unit’s takeover by Honeywell International.
Johnson had originally struck a deal in May to sell its CT arm to Honeywell for £1.8bn including debts, which would have delivered net proceeds to investors of around £1.6bn.
The pair have extended the deadline for the deal to complete and said they have cut the price by 26% to £1.33 billion “to reflect CT’s business performance during 2025/26, which includes the deferral of key sustainable solutions licensing projects and reduced profitability from the supply of catalysts due to the challenging market environment”.
Johnson now expects to return around £1bn in net proceeds of the deal to shareholders through an £800m special dividend and £200m share buyback programme.
The price cut follows reports over the weekend that Honeywell was considering walking away from the deal due to worries over regulatory approvals and business milestones. 41 mins ago
Lucy Harley-McKeown
How US stock futures are faring 42 mins ago
Lucy Harley-McKeown
US stock futures weaken on new tariff uncertainty
Our US team writes:
US stock futures sank early Monday following a ruling by the US Supreme Court that refuted the legality of a President Trump's most sweeping tariffs, bringing new uncertainty to his key economic policy priority.
Futures tied to the Dow Jones Industrial Average (YM=F) dropped 0.6%. S&P 500 futures (ES=F) fell 0.7%, while Nasdaq 100 futures (NQ=F) plunged around 0.9%.
Trump said on Saturday that he would lift the baseline tariff rate on imports from 10% to 15%, effective immediately. It remained unclear Sunday whether Trump had formally taken steps to enact the higher duties.
Meanwhile, earnings season continues to roll on, with Nvidia (NVDA) scheduled to take center stage this week when it report results Wednesday. Salesforce (CRM) also reports Wednesday for a wider view of the tech landscape, and Home Depot (HD) acts as a litmus test for retail on Tuesday. 46 mins ago
Lucy Harley-McKeown
Good morning
Hello from London. Another week, another question mark around tariffs. We'll be digging into remarks by president Trump over the weekend on new tariff policy.
Other than that, Berkshire Hathaway (BRK-A) reported results overnight and Dominoes Pizza (DPZ) results are to come.
Not much in the way of key economic data in the UK but the Bank of England's Alan Taylor will sit down for a fireside chat later on — could be worth watching for policy signals.
Let's get to it.
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