The FTSE 100 experienced a decline on Thursday, closing 0.3% lower at 8,520. This retreat negated the gains of the previous session as anxieties surrounding a potential US trade war and its impact on global economic expansion weighed heavily on the market. While some companies like Halma and AstraZeneca showed positive performance, overall market sentiment remained subdued, particularly affecting property developers.
- The FTSE 100 closed 0.3% lower at 8,520.
- US trade war concerns pressured equities.
- Diageo erased early gains and closed 0.2% lower due to potential US tariffs on EU alcohol.
- Persimmon, Barratt Redrow, and Taylor Wimpey saw losses of more than 1.5%.
- Halma gained 1.2% after raising its margin guidance.
- AstraZeneca jumped 2%.
The performance of the asset was mixed, with external factors playing a significant role. Uncertainty regarding international trade policies and their potential economic consequences appear to have had a dampening effect on overall investor confidence. Sector-specific challenges, such as potential tariffs on EU goods, also influenced the performance of individual companies within the index. However, certain companies demonstrated resilience and delivered positive returns, indicating that some opportunities for growth exist even within a challenging market environment.