FX.co ★ FTSE 100 Misses Global Stock Rally

The FTSE 100 hovered near stability on Thursday, following a 0.6% decline the previous day. This cautious approach persisted despite optimism generated by alleviated trade tensions. Sentiment improved after a U.S. trade court declared the majority of tariffs implemented by Donald Trump as unlawful, providing a slight boost to the overall trade outlook. Additionally, Nvidia's positive earnings report enhanced confidence in the AI sector. Stocks sensitive to macroeconomic changes, including miners, energy companies, and financial institutions, led gains; prominent performers were HSBC, Shell, and Glencore. In contrast, defensive stocks such as utilities, gold miners, and UK-centric retailers like Tesco did not perform as well, as investors shifted their focus away from traditional safe havens.