The FTSE 100 experienced a modest gain, closing approximately 0.3% higher at 8,664 on Tuesday. Initial optimism was tempered by concerns regarding US trade tariffs and the implications of domestic economic data. Positive corporate news provided some support, though declines in specific sectors offset some of the upward momentum.
- FTSE 100 closed approximately 0.3% higher at 8,664.
- President Trump hinted at potentially softening reciprocal tariffs on US trading partners next month.
- The Confederation of British Industry reported a sixth consecutive monthly decline in UK retail sales for March.
- Housebuilders, including Bellway, saw a boost due to strong performance.
- Bellway reported a “strong” first half and a 12% rise in interim underlying pre-tax profit.
- Shell increased its shareholder distribution policy with a focus on share buybacks, while cutting its spending outlook.
- Shell targets 4% to 5% annual sales growth in liquefied natural gas in the next five years.
- Retail, drinks, and leisure stocks recorded declines.
The information suggests a market navigating conflicting forces. While positive corporate updates and potential easing of international trade tensions offer support, underlying weaknesses in domestic retail sales and sector-specific downturns create a mixed outlook. The index is showing resilience but may remain susceptible to shifts in sentiment and evolving economic conditions.