The FTSE 100 experienced a slight gain on Tuesday, remaining relatively stable for the third consecutive session. Positive performance in the financial and technology sectors provided upward momentum, offsetting declines in mining stocks. Mixed global trade signals and concerns about domestic inflation contributed to the overall market environment.
- The FTSE 100 traded 0.2% higher.
- Gains in banks and tech stocks offset weakness in miners.
- HSBC, NatWest, Barclays, Lloyds Banking, and Standard Chartered saw gains.
- Anglo American, Rio Tinto, and Antofagasta experienced declines.
- Fresnillo and Endeavour weakened due to softer precious metal prices.
- Donald Trump threatened 25% tariffs on South Korean goods.
- India and the EU announced a free trade agreement.
- Retail prices rose 1.5% in January and food inflation accelerated to 3.9%.
The asset is showing resilience, with gains in key sectors like financials and technology helping to stabilize the index despite headwinds from mining and global trade uncertainties. Domestic inflationary pressures add complexity to the outlook, suggesting potential challenges for future growth. The mixed performance highlights the interconnectedness of various sectors and the influence of both domestic and international factors on the asset’s overall performance.