Business news live: Rachel Reeves in savings tax crackdown and global stock markets fall

Yesterday the FTSE 100 ended up down. So did the S&P 500. And the DAX. And the CAC 40. Overnight the Hang Seng fell. So too the Kospi, the Tadawul and the Shanghai – yet the Nikkei 225 rose a hefty 1.9 per cent to new record levels.

Japan was the outlier as their trade minister announced tariff rates of just 15 per cent, lower than expected and a boost to the nation, sending stocks soaring.

That news was also aided by Sony and Softbank reporting strong profits and potential slowing of inflation int he country.

Good morning all and welcome to the final weekday – we’re back as usual with all your personal finance news, stock market updates, companies and business latest and more.

Today’s early highlights will focus on Rachel Reeves and another tax raid, whether the FTSE 100 can bounce back and more.