The FTSE 100 obtained marginal profits on Monday, since the advances in defense stocks helped compensate for the nerves surrounding the renewed commercial tensions of US-China.
The FTSE 100 index closed 1.88 points to 8,774.26. The FTSE 250 ended only 0.96 from one point to 21,028.97, and the AIM All-Share closed 1.45 points, 0.2%, to 748.13.
Defense actions rose when Prime Minister Keir Starmer said the government will increase defense spending to 2.5% of the gross domestic product since April 2027 with an ambition, but without firm commitment, to increase it to 3% during the next Parliament.
The prime minister said he was “100% sure” of the plans in the new strategic defense review, including additional attack submarines, £ 15 billion in nuclear eyes and thousands of new long -range weapons, could be delivered in the current financing plans.
In the FTSE 100, Babcock International increased 8.3%, while in FTSE 250, Qinetiq advanced 4.5%.
In European actions on Monday, CAC 40 in Paris fell 0.2%, while Dax 40 in Frankfurt decreased 0.3%.
European actions were held by new developments in rates and renewed fears of a commercial war between the United States and China.
Late on Friday, the president of the United States, Donald Trump, doubled tariffs on steel and aluminum imported to 50%, starting on Wednesday.
At the same time, tensions with China resurfaced after Beijing rejected Trump's accusations to violate the gin truce attacked in early May.
On Monday, China's Ministry of Commerce said he had confirmed the agreement. He accused Washington of introducing “a series of discriminatory and restrictive measures” in the last weeks that undermine Geneva's consensus and damaged the “legitimate rights and interests of China.”
Hani Abuagla, Senior Market Analyst of XTB Mena, said that although the United States Secretary of the United States, Scott Besent, suggested that a call between Trump and the president of China, Xi Jinping, can take place soon, the markets remain distrustful of a greater escalation.
“The lack of clear progress risks to rekindle commercial volatility as well as investors seek greater policy clarity,” Abuagla added.
The last turn in the Saga of the Commercial War saw falls renewed by the dollar and the profits for the euro and the pound sterling.
The pound was summoned in $ 1,3546 on Monday afternoon in London, compared to $ 1,3476 at the closing of shares on Friday. The euro remained higher at $ 1,1429 compared to $ 1,1348. Against Yen, the dollar was quoted lower than 142.75 yen compared to 144.23 yen.
The 10 -year Treasury performance. UU. It was extended to 4.46% of 4.41% on Friday. The Treasury yield of 30 years from the United States extended to 5.00% of 4.92%.
In New York, the Dow Jones Industrial Avenge fell 0.6% at the time of the closing of London Equities on Monday. The S&P 500 was 0.3% lower and the Nasdaq compound fell 0.1%.
Investors weighed American manufacturing data weaker than expected.
The Global S&P Global S&P Manufacturing Manufacturing Manager index settled 52.0 in May, increasing 50.2 in April. However, it was short of Flash 52.3 estimate published at the end of last month.
Meanwhile, the figures of the Institute for Supply Management showed economic activity in the manufacturing sector hired in May for the third consecutive month.
The ISM manufacturing PMI was recorded 48.5 in May, compared to 48.7 in April and below consensus 49.5.
“The manufacture is being confused through interruptions related to the rate for the moment instead of crumbling, but the sector remains under intense pressure, with marked increases in the prices of many goods probably in the pipe,” said Oliver Allen of Pantheon's macroeconomy.
The data in Europe showed that manufacturing was also submitted.
The Eurozone manufacturing sector remained in contraction in May, but approached the stabilization, the results of the Global S&P survey showed on Monday.
The manufacturing purchasing managers index of Hamburg commercial banks increased to 49.4 points in May from 49.0 in April, surpassing the 50 -point brand without change. The final score was in line with Flash reading published at the end of last month and reflects a height of 33 months.
The PMI reading indicates a greater flexibility of the deceleration of the manufacturing sector, said S&P global, with the main index reaching its highest level since August 2022.
In the United Kingdom, the manufacturing sector also remained in contraction territory in May, amid the weak global demand and turbulent market conditions.
The Global UK S&P manufacturing purchasing managers index chose up to 46.4 points in May, from 45.4 in April, although it remained below the 50 -point neutral brand. The reading exceeded the estimate of Flash 45.1 Point.
The renewed commercial anguish saw the price of Safe have Gold shine once more. The yellow metal jumped at $ 3.371.47 per ounce on Monday against $ 3,286.33.
In AIM, Eagle Eye collapsed 43%.
The Software Marketing Solutions Company as a London -based service said that Neptune Retail Solutions, with effect, on August 2, terminated a contract for between £ 9 million and £ 10 million in annual revenues.
He explained that the contract was to provide digital promotional services to a US national shopkeeper, and that NRS in 2023 acquired digital promotions and content provider Technology Inc.
“The Board is confident that this change has no impact on group growth opportunities, which are still strong,” said Eagle Eye.
The largest elevators in the FTSE 100 were Babcock International to 77p to 1,013p, Endeavour Mining, UP 154p to 2,406p, Fresnillo, UP 70p to 1,233p, Initial Rentokil until 11.6Pa 363.2py the owner of British Airways IAG, up to 9.2PA 335.3P.
The greatest ftse 100 faults were Ashtead Group Down 177p to 4,158p, WPP, 17.2PA 582.2P, Taylor Wimpey, under 2.6PA 116.9P, JD Sports Fashion, below 1.56PA 82.5py Spirax Group, a spirax group, below 105p at 5,610p.
Brent Oil was higher at $ 64.58 per barrel at the time of the closure of London shares on Monday, compared to $ 62.53 on Friday.
The corporate calendar of the United Kingdom on Tuesday has results from the whole year of Utility Pennon Group and a commercial statement by the British American Tobacco tobacco retailer.
Tuesday's economic calendar has IPC figures and Eurozone unemployment, and US factory orders data.
Contributed by Alliance News
