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.
- FTSE 100: 0.1% up to 9,651.66
- FTSE 250: 0.1% down to 22,507.46
- AIM All-Share: 0.2% down to 775.76
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 President Donald Trump said during a visit to Kuala Lumpur, as US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng wrapped up two days of talks described as “very positive.”
GSK climbed 1.2% after acquiring exclusive rights from French biotech Syndivia for a preclinical antibody-drug conjugate targeting metastatic prostate cancer.
Author's summary: FTSE 100 steady amid global optimism.
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