The FTSE 100 experienced a rebound, closing approximately 0.6% higher at 8,635 on Tuesday after a significant decline the previous day. This recovery occurred against the backdrop of impending US tariffs, economic data releases, and corporate news. Manufacturing PMI data, while revised upwards, still indicated contraction, and house prices remained stagnant. Performance among individual equities varied significantly.
- The FTSE 100 closed about 0.6% higher at 8,635.
- This recovery followed sharp losses from the previous day.
- The S&P Global UK Manufacturing PMI was revised to 44.9 in March, but remained at its lowest level since October 2023.
- House prices remained flat in March, according to Nationwide.
- Rolls-Royce Holdings was the top performer, up 4.1%.
- WPP PLC was the worst performer following a revenue forecast from Bank of America.
The market saw a positive day overall, but underlying economic indicators present a mixed picture. The manufacturing sector is still struggling, and the housing market shows no signs of growth. Certain companies are thriving, while others face headwinds. This suggests a market driven by specific company news and sentiment more than broad economic improvement, indicating potential volatility as investors react to evolving conditions.