Trump family deal with fusion energy firm adds to complicated UK-US ties

The Irish Central Bank has raised its growth forecasts, indicating that the economy is showing resilience against headwinds from the US economic landscape. This adjustment reflects a positive outlook amid global uncertainties, particularly those stemming from the US market.

UK consumer sentiment has risen to its joint-highest level of the year, according to GfK, indicating a positive shift in consumer confidence amidst ongoing economic challenges. This increase suggests that consumers are feeling more optimistic about their financial situations and future spending intentions.

The U.S. is considering the reclassification of marijuana, which could significantly impact the cannabis industry. This potential change aims to align federal regulations with the evolving public perception and state-level legalization efforts surrounding cannabis use and sales.

UK car production has stabilized, with Jaguar Land Rover (JLR) showing signs of recovery and Nissan initiating electric vehicle (EV) production at its Sunderland plant. This development follows Nissan's investment of over £450 million, which includes £300 million directly into the UK automotive sector.

Nike's shares have experienced a sharp decline due to disappointing sales in China, prompting the CEO to acknowledge the need for a strategic 'reset' in the region while also dealing with the implications of Trump-era tariffs.

Former President Donald Trump has signed an executive order aimed at easing federal regulations on marijuana, a move that has generated optimism within the cannabis industry. This decision is seen as a significant shift in the regulatory landscape, potentially leading to increased investment and growth opportunities in the sector.

Recent inflation data has raised concerns, with the White House celebrating a perceived cooling in price growth, while Wall Street has criticized the report as flawed and misleading. This discrepancy highlights the ongoing challenges in accurately assessing the economic landscape, particularly regarding affordability.

Gold and silver prices are hovering near record highs, buoyed by slower-than-expected inflation data from the US, which has reinforced expectations for further interest rate cuts by the Federal Reserve. Platinum is also approaching a 17-year peak, indicating strong demand across precious metals.