The FTSE 100 experienced positive movement, increasing by 0.2% on Monday. This gain continues the upward trend observed last week, where the index rose by 1.5%. Investor sentiment appears to be buoyed by the recently announced agreement between the UK and the EU. However, some companies faced specific headwinds, such as new tariffs. Investors are now anticipating upcoming earnings reports from Vodafone and Greggs.
- The FTSE 100 rose 0.2% on Monday.
- This follows a 1.5% gain last week.
- Investor sentiment is positive due to the UK’s agreement with the EU.
- Airline stocks outperformed, with EasyJet and IAG shares up over 2% following news of fast-track access for British tourists at European borders.
- Ryanair reported a full-year profit after tax of €1.61 billion.
- Diageo shares slipped around 1% after a warning of a $150 million annual hit from new US tariffs.
- Investors are awaiting earnings from Vodafone and Greggs.
The index is currently benefiting from renewed confidence stemming from international agreements. While sector-specific challenges, like tariffs affecting some companies, exist, the overall outlook appears cautiously optimistic. Upcoming earnings reports will likely play a significant role in shaping future price movements.