FX.co ★ UK Stocks Advance

The FTSE 100 experienced a significant increase exceeding 1.5% on Wednesday, mirroring positive trends across European and global markets. This uptick was fueled by growing optimism among traders regarding a potential reduction in US-China trade tensions. Treasury Secretary Scott Bessent expressed confidence by stating there "will be a de-escalation" in the ongoing trade dispute between the White House and China. While formal negotiations had not yet commenced, Bessent noted the possibility of reaching an agreement with Beijing. Concurrently, there was a reduction in concerns over the independence of US monetary policy. Traders were also focused on the April manufacturing and services PMI data, along with critical corporate earnings. Within the FTSE 100, Croda International emerged as a standout performer, surging nearly 9% following strong first-quarter sales reported by the chemicals group. Conversely, Fresnillo experienced the steepest decline, losing over 7%, as the precious metals miner reported a decrease in silver and gold production for the first quarter of 2025, despite maintaining its full-year production forecast.