Markets remain calm despite global tensions

A strike that shut down eastern ports and the US Gulf Coast will be suspended, and market reaction to the escalation in the Middle East remains minimal. In addition, the Italian government will raise more taxes from companies that make windfall profits, and luxury group LVMH will become a top sponsor of the Formula 1 car racing franchise.

Mentioned in this podcast:

US dock workers call off strike that threatened to paralyze ports

Italy is trying to raise more exceptional taxes on companies

The market’s reaction to global tensions may not follow the old script

LVMH signs a sponsorship deal with Formula 1

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Credit: CNBC, LVMH

FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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