FX.co ★ FTSE 100 Rebounds on Monday

On Monday, the FTSE 100 rebounded, ending a two-day decline, thanks to positive performances in the financial and consumer staples sectors. HSBC experienced a 1% increase, with Barclays rising by over 0.5%. Shares in AstraZeneca rose by 1.2%, and British American Tobacco advanced by over 2%. GSK and Rio Tinto also reported gains. Rolls-Royce saw an uptick of over 0.5% following the sale of its UK pension scheme in a significant £4.3 billion transaction with Pension Insurance Corporation. This was noted as the largest UK risk-transfer deal of the year, affecting 36,000 members and removing liabilities from its balance sheet. Chief Financial Officer Helen McCabe described this as a "win-win," emphasizing the company's initiative to streamline operations. On the global stage, attention continued to be drawn to trade dynamics, particularly the impending expiration of the 90-day US-China tariff truce. The May agreement had reduced reciprocal tariffs from 125% to 10%, although the US maintained a 20% duty on fentanyl imports.