The FTSE 100 experienced positive movement on Tuesday and showed strong quarterly performance, driven by gains in the mining sector. However, rising shop price inflation and mixed performance among heavyweight stocks present a complex economic landscape for the index.
- The FTSE 100 rose more than 0.5% on Tuesday.
- The FTSE 100 advanced 6.8% in Q3, the most since 2022.
- Mining stocks drove the Q3 gains.
- UK shop price inflation accelerated to 1.4% in September, the highest in 19 months.
- Q2 GDP rose 0.3%, with annual growth revised up to 1.4% from 1.2%.
- HSBC, AstraZeneca, Unilever, and Relx advanced between 0.4% and 1.3% on Tuesday.
- Shell (-1.8%) and BP (-1.9%) retreated as crude prices weakened.
The mixed data points to a complex outlook for the FTSE 100. While the index has demonstrated positive momentum, inflationary pressures and fluctuating commodity prices create potential headwinds. The performance of individual companies within the index, particularly heavyweights, will continue to play a significant role in its overall direction.