FX.co ★ FTSE 100 Falls on Monday

The FTSE 100 experienced a decline of approximately 0.4% on Monday, following the resurgence of tariff threats by US President Donald Trump, which affected global risk sentiment. Trump suggested the possibility of implementing tariffs on nations that oppose his aim to gain control of Greenland, rekindling worries about intensifying trade conflicts. This had a noticeable impact on financial stocks, as evidenced by Barclays falling 1.7%, NatWest decreasing by 1.4%, and declines also observed in Lloyds and Standard Chartered. Energy stocks contributed to the downward pressure, with both Shell and BP seeing declines of around 0.7% due to a dip in oil prices. However, Beazley emerged as a standout performer; its shares soared over 40% following Zurich's confirmation of a takeover bid. Zurich proposed a cash offer of 1,280 pence per share, representing a premium of about 56% relative to Beazley's previous closing price, valuing the specialist insurer at an estimated £7.7 billion. This development positively influenced the insurance sector, leading to gains for competitors such as Lancashire Holdings and Hiscox.