> US may already be in recession, warns BlackRock

Financial markets have ended the week in turmoil with the dollar falling. US borrowing costs have also risen to their highest level since February as investors sold off debt over fears of a financial crisis.

Jamie Dimon, the chief executive of JP Morgan, said the US economy faces “considerable turbulence” as he warned that many companies on Wall Street would likely scrap their profit forecasts for the year amid the turmoil.

The US currency declined as much as 2.1pc to hit a three-year low against the euro, which was worth more than $1.14.

https://www.telegraph.co.uk/business/2025/04/11/trump-tariffs-latest-ftse-100-markets-share-price-china/