FX.co ★ FTSE 100 Little Changed on Tuesday

On Tuesday, the FTSE 100 remained relatively unchanged as investors focused on developments concerning US tariffs. President Donald Trump initiated the process by dispatching his initial round of letters to trading partners, cautioning them about potential increases in duties. Meanwhile, Europe is in discussions to secure a 10% tariff rate beyond the August 1 deadline, aiming to achieve exemptions for crucial goods. Trump indicated that the new tariffs would not be implemented until August, which leaves the door open for further negotiations. In terms of market performance, mining stocks emerged as strong performers—Glencore, Anglo American, and Rio Tinto saw gains of 1.4%, 0.9%, and 0.4%, respectively. In corporate news, shares of Entain surged by 2.5% following an upgrade by Bank of America, which highlighted robust results from its BetMGM partnership in the United States. BP's share price saw minimal movement in the wake of the company securing a deal with Libya's National Oil Corporation to potentially reactivate two significant oil fields.