FTSE 100 Up Nearly 0.75% On Easing Trade Tensions
(RTTNews) - U.K. stocks are up firmly in positive territory on Tuesday, coming back fairly strongly after a long weekend, as investor react to U.S. President Donald Trump's decision to delay 50% tariffs on EU goods till July 9th.
The U.S. President decided to delay the implementation after a call from European Commission President Ursula von der Leyen, and the EU has now pledged to fast-track talks to avoid a transatlantic trade war.
The benchmark FTSE 100 was up 63.21 points or 0.73% at 8,781.18 a little while ago.
IAG is climbing up 4.7%. Melrose Industries is gaining 4.2%, while BAE Systems and Intermediate Capital Group are up 3.2% and 3.1%, respectively.
Spirax Group, Ashead Group, JD Sports Fashion, Rolls-Royce Holdings, GSK, DCC, St. James's Place, Coca-Cola Europacific Partners, Smiths Group, Segro, Mondi, Intertek Group, Halma, Entain and Schroders are up 1.4 to 2.5%.
Endeavour Mining is down more than 4%. Fresnillo is lower by about 3.2%. Centrica and Rio Tinto are also notably lower.
On the economic front, the Confederation of British Industry's retail sales gauge for the UK fell sharply to -27 in May 2025 from -8 in April, well below forecasts of -18. Meanwhile, a measure of expected sales for June fell to -37%, the lowest since February 2024.
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S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings
U.S. Producer Prices Jump Much More Than Expected In July
U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower
Pound Rises On Upbeat U.K. GDP Data
