FX.co ★ FTSE 100 Slips After Eight-Day Winning Streak

On Thursday, the FTSE 100 experienced a 0.4% decline, halting its eight-day advancement streak. This downturn was influenced by a cautious atmosphere prevailing across European markets. Investors are currently digesting a new wave of corporate earnings reports, sparse details regarding the agreement between US Presidents Trump and Xi, and comments from Federal Reserve Chair Powell, who indicated that a rate cut in December is not guaranteed. WPP saw a significant drop of over 10% following its revision of growth forecasts. Mining sector stocks were hit hard, with Anglo American decreasing by 1.7%, Glencore by 1.6%, and Rio Tinto by 1.3%. Shell decreased by 0.8% after disclosing plans for another share buyback, while JD Sports Fashion and Whitbread each saw over 1% declines as their stocks went ex-dividend. Conversely, Standard Chartered rose by 2% and easyJet climbed by 1.3%, marking them as standout performers for the session.