The FTSE 100 experienced a slight decrease, hovering around 8,650, as market sentiment was negatively influenced by concerns surrounding Trump’s tariffs, potential U.S. recession fears, persistent deflation in China, and ongoing geopolitical risks. Several sectors, including mining, defensive stocks, and banks, faced downward pressure, while defense and aerospace stocks experienced profit-taking.
- The FTSE 100 was around 8,650.
- Worries about Trump’s tariffs are impacting financial markets.
- Fears of a potential U.S. recession are looming.
- China’s deflation issue is dampening sentiment.
- Geopolitical risks persist.
- Antofagasta was the biggest loser, dropping 2.4% due to falling copper prices.
- Defensive stocks such as AstraZeneca, Reckitt Benckiser, and BT Group also declined.
- Banks like Barclays and Lloyds were also in the red.
- Defense and aerospace stocks saw some profit-taking after recent rallies, with BAE Systems and Melrose declining.
The provided text suggests a cautious outlook for the FTSE 100. Concerns over global economic factors and sector-specific weaknesses are weighing on the index. The fall in commodity prices, the decline in defensive stocks, and profit-taking in previously high-performing sectors all indicate a lack of strong positive drivers, potentially leading to continued volatility or further downward pressure on the FTSE 100.