The FTSE 100 experienced a decline of approximately 0.3%, closing at 8,666 on Thursday, mirroring the performance of other regional markets. Investor attention centered on the implications of President Trump’s newly announced auto tariffs and the subsequent responses.
- The FTSE 100 closed about 0.3% down at 8,666 on Thursday.
- US President Donald Trump slapped a 25% tariff on all auto imports starting next week.
- Chancellor Rachel Reeves addressed the media, calling US-UK trade talks a “delicate moment” but stressing that the UK has no plans for retaliation.
- M&G, Schroders, Taylor Wimpey, and Melrose Industries led the losses as they went ex-dividend today.
- Fashion retailer Next surged 10.5% as it raised its guidance following annual results.
The performance of the FTSE 100 appears to be influenced by global trade developments, particularly tariffs imposed by the US. While domestic factors, such as companies going ex-dividend, contributed to losses in some sectors, positive company-specific news, such as improved guidance from a fashion retailer, provided some offset. Uncertainty surrounding international trade relations could lead to continued volatility.