Greencore Group plc

“A big pullback in oil prices weighed on markets across Europe,” says Russ Mould, Investment Director at AJ Bell. “Traders focused on the prospect of a US/Iran nuclear deal which could see economic sanctions lifted on the latter and potentially lead to greater supplies of oil. That weighed on shares in BP and Shell which pulled down the FTSE 100. Commodities trader Glencore was also weak.

“Liberation Day has arrived and investors are bracing themselves for a barrage of bad news,” says Russ Mould, Investment Director at AJ Bell. “European markets were down ahead of the announcement as investors fear widespread tariffs will be announced. Worst case scenario, higher tariffs could dampen economic growth. “From the recipients’ perspective, there is nothing liberating about tariffs, even if they retaliate with their own levies on imported US products and services.