Monday 14 April 2025
The Mighty Headlines
Economics: EU Trade Commissioner in US to talk tariffs
Business: Apple airlifts 1.5 million iPhones out of India
Markets: Stock markets start week on a high
Foreign Affairs: Hong Kong’s last major opposition party to disband
Security and Intelligence: Occupied Ukrainians denied healthcare
Domestic politics: UK Government provides £10 billion to relieve tariff impact
The Mighty Stats
FTSE = 7,964.18 (up 0.64%)
S&P 500 = 5,363.36 (up 1.81%)
Nasdaq = 16,724.46 (up 2.06%)
CAC40 = 7,104.80 (down 0.3%)
£1 = $1.31 / €1.15
UK: Con / Lab / Reform = 22 / 24 / 24 per cent
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The Mighty Detail
Economics: The EU Trade Commissioner, Maroš Šefčovič, is travelling to the US today to discuss tariffs with US counterparts. Šefčovič is due to meet with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer. The EU is offering 0 per cent reciprocal tariffs on industrial goods.
Business: It is being reported that Apple airlifted 600 tons of iPhones from India at the end of March so that they would arrive before tariffs came into effect. This equates to around 1.5 million iPhones. Apple also reportedly secured a customs “green lane” at Chennai airport to reduce clearance times from 30 hours to 6 hours.
Markets: Stock markets rose on Friday after a turbulent week. The S&P 500 and the Nasdaq rose by their highest levels since November 2023 and November 2022 respectively. The remain, however, lower than before US tariffs were announced on the 2nd April.
Foreign Affairs: Hong Kong’s last major opposition party is set to disband. According to members of the Democratic Party, they have been warned by Chinese officials to disband or face serious consequences including arrest. Until Beijing changed electoral rules in 2021 to allow only “patriots” to run for election, the Democratic Party achieved around 50 per cent to 60 per cent of the vote in elections.
Security and intelligence: There are reports that Ukrainians living in occupied territories are being denied healthcare and free movement unless they take up Russian citizenship. The news comes as President Trump said on Saturday that “there is a point when you have to put up or shut up” on the Ukraine-Russia negotiations but the Kremlin said there cannot be “instant results”.
Domestic politics: The UK Government has said that it will provide £10 billion of additional support for businesses impacted by US tariffs. Alongside this, an expanded Growth Guarantee Scheme will provide £500 million specifically for small businesses.
The Mighty Calendar
What’s happening today?
President Trump meets President of El Salvador
South Korea’s President Yoon Suk-Yeol’s criminal trial starts
UK Parliament on recess
China, South Korea trade data (March)
Lookahead to tomorrow
80th anniversary of the liberation of Bergen-Belsen
UK Foreign Secretary holds conference on Sudan
UK Parliament on recess
UK earnings data (March)
Eurozone industrial production data (March)
Canada CPI inflation data (March)
China GDP data (Q1 2025)
China industrial production data (March)
China retail sales data (March)
China unemployment data (March)
Company results from: Bank of America, Johnson & Johnson, Citigroup, Ericsson
The Mighty Finale
🌤️Weather today
Raining in the southwest and northwest of England. Dry elsewhere. High of 17C and low of 9C in London. Light rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“I have learned over the years that when one’s mind is made up, this diminishes fear.” – Rosa Parks, activist
Mighty takeaway: Action removes fear. Don’t hesitate!
That’s it for this Monday morning. Thanks for reading and we’ll see you again tomorrow.
Bye!
The Mighty Memo team