FTSE Mixed as UK Lags Global Rally
London stocks opened mixed on Monday, with the FTSE 100 edging up 0.1% to 9,651.66 as the UK market lagged a broader global rally driven by optimism over a potential US-China trade deal.
The FTSE 250 dipped 0.1% to 22,507.46, while the AIM All-Share slipped 0.2% to 775.76.
US-China Trade Deal
Washington and Beijing have agreed on a framework for a trade agreement ahead of a meeting between US President Donald Trump and China’s President Xi Jinping on Thursday.
I think we’re going to make a deal
US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng wrapped up two days of talks described as “very positive.”
Market Winners and Losers
- GSK climbed 1.2% after acquiring exclusive rights from French biotech Syndivia for a preclinical antibody-drug conjugate targeting metastatic prostate cancer.
- Goodwin jumps, Centrica and HSBC fall.
Author's summary: Global optimism lifts sentiment.
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