The FTSE 100 closed lower on Monday, extending its recent decline as economic slowdown fears intensified. Market unease was fueled by concerns over trade tariffs, a possible U.S. recession, and weak Chinese deflation data. Several sectors experienced losses, with financials and miners particularly impacted, alongside significant drops for individual companies like Entain and Rolls-Royce.
- The FTSE 100 closed approximately 0.9% lower at 8,600.
- Economic slowdown fears and trade tariffs contributed to the decline.
- President Trump’s comments on a possible recession heightened market unease.
- Chinese deflation data added to global economic weakness concerns.
- Entain and Rolls-Royce experienced the largest individual stock declines, both falling by 8.6%.
- Miners saw declines amid concerns over Chinese deflation and a potential US recession.
- Financial stocks experienced widespread losses, with multiple major institutions falling.
The decline in the FTSE 100 suggests increasing investor anxiety about the global economic outlook. The combination of trade tensions, recession fears, and deflationary pressures is weighing heavily on the index. The losses in specific sectors, particularly financials and miners, indicate vulnerability to economic downturns and international trade dynamics.