Mixed Performance in London Stock Indexes Amid Geopolitical and Trade Dynamics
London's stock indexes showed mixed performance as the impact of easing geopolitical tensions and U.S. tariffs lessened. The FTSE 100 and FTSE 250 were flat, though midcaps were on track for their highest quarterly gain since late 2020. Key influences included the U.S.-UK trade deal and individual stock movements.
London's stock indexes experienced a mixed day on Monday, as initial optimism from easing geopolitical tensions and U.S. tariffs dwindled. Both the FTSE 100 and midcap FTSE 250 were flat by late morning.
The market's earlier rise, fueled by a truce between Iran and Israel and hopes for a dovish Federal Reserve, met with investor caution. The midcap index still aimed for its best quarterly gain since 2020, buoyed by a robust showing in domestically focused stocks, which benefited from the UK being the U.S.'s sole trade agreement partner.
Aerospace stocks gained as U.S.-UK agreements removed tariffs, notably boosting Rolls-Royce shares. Investors watched for further trade deals as growth data saw Britain's economy expand at its strongest yearly rate in the first quarter of 2025, despite anticipated slowing. Meanwhile, WH Smith dropped after a disappointing business sale and GSK faced scrutiny over an inhaler discontinuation.
(With inputs from agencies.)
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