FX.co ★ FTSE 100 Starts Week Higher

The FTSE 100 experienced a 1.5% increase on Monday, driven by market responses to a temporary exemption on US tariffs targeting tech products alongside the commencement of the earnings season. Investors viewed favorably the announcement that tariffs on smartphones, computers, and essential electronics would be deferred, though President Trump reiterated that this relief is temporary, and these products may still incur tariffs in the future. Risk-sensitive sectors, such as financials and commodity-linked stocks, spearheaded the market gains, while defensive sectors lagged behind. In corporate developments, Ashmore disclosed a 5% decrease in Q3 assets under management, attributed to significant redemptions. Concurrently, Wood Group's shares surged by up to 32% following a conditional offer from Dubai-based Sidara at 35p per share, coupled with a proposed £450 million capital infusion.