The FTSE 100 edged lower on Monday, pausing after its strongest week of the year as renewed uncertainty over tariffs dampened investor sentiment. Volatility returned after the Supreme Court struck down Donald Trump’s reciprocal tariff policy, prompting him to first propose 10% global tariffs and then revise the plan to 15%, unsettling markets at the start of the week.
Relx slipped more than 2.5% and BAE Systems fell over 1%. Banks also retreated, with Barclays, Lloyds Banking Group and NatWest down between 0.5% and 2.4%. In contrast, JD Sports gained more than 4% after unveiling a £200 million share buyback programme.
Stronger precious metals prices underpinned mining stocks. Endeavour Mining and Fresnillo advanced 6.5% and 3.2% respectively, while Antofagasta, Anglo American and Glencore also moved higher.
