Trade Talks and Stock Shifts: London's Market Mood
London's stock indexes showed mixed performance amidst corporate updates and US trade developments. The FTSE 100 remained flat while the midcap index slightly rose. Oil and gas stocks fell sharply. Positive updates for some companies buoyed the FTSE 250, with market shifts reflecting global trade talks and domestic economic policies.
London's main stock indexes displayed mixed activity on Monday as investors kept a close eye on corporate news and delays in increased U.S. tariff rates, with trade agreement progress also under scrutiny.
The FTSE 100 remained unchanged in the morning trading, contrasting with a 0.2% rise in the midcap index after a challenging end to the previous week. U.S. President Donald Trump highlighted imminent trade agreements, delaying the implementation of higher tariffs to August 1.
The energy sector faced challenges, with oil and gas stocks dropping 2.6%, as Shell's lowered output forecast impacted the market, further pressured by disappointing oil prices due to elevated OPEC+ production. Conversely, some market segments, like Plus500, thrived on the FTSE 250, thanks to robust quarterly results.
(With inputs from agencies.)
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