The FTSE 100 experienced minimal movement on Thursday, closing near flat after a notable 13-day winning streak. This pause comes amid a backdrop of economic uncertainty, influenced by underwhelming economic data, mixed corporate earnings, and concerns surrounding UK manufacturing. Investor sentiment appears cautious as the new month begins.
- The FTSE 100 closed almost flat at 8,497.
- UK manufacturing faced continued headwinds in April, with declining export demand.
- St. James’s Place led gains, followed by Whitbread and Persimmon.
- Lloyds experienced a significant drop after increasing bad debt provisions due to potential U.S. tariff fallout.
The market’s recent pause and vulnerability to factors such as tariff implications and domestic economic pressures suggest a period of potential volatility. While certain sectors and companies demonstrated resilience, concerns over manufacturing and financial stability are present. This indicates a need for investors to carefully monitor economic indicators and corporate performance for potential risks and opportunities.