Markets stay calm amid Trump’s gambit, but long-term risks are huge | Nils Pratley

Traders have adapted to US President Donald Trump's rhetoric, as evidenced by the limited impact of his weekend threat of tariffs on eight European countries, including the UK, on the London stock market. The FTSE 100 index closed down 0.4%, while European stocks performed worse. Despite this, there was a £7.7 billion bid for the insurer Beazley at a premium. Long-term risks remain significant, especially with potential EU measures extending beyond tariffs into capital markets.