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FX.co ★ UK Shares Snap 4-Day Losing Streak

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typeContent_19130:::2025-04-08T07:32:05

UK Shares Snap 4-Day Losing Streak

UK stocks rebounded by more than 1% on Tuesday, breaking a four-day downturn spurred by intensifying global tariff disputes. Following these tariff announcements, the index had experienced a decline of around 11%, erasing nearly £235 billion in market value. Notable sectors included aerospace and defense, with strong performances from Rolls-Royce, which rose by 5%, and BAE Systems, up by 4.5%. Gains were observed in commodity-focused and cyclical sectors as well, with mining firms such as Glencore and Antofagasta climbing over 3% amidst a recovery in copper prices. Additionally, major oil companies BP and Shell benefited, with rises of 3.6% and 2.4%, respectively, driven by a spike in crude oil prices.

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