Stocks on FTSE 100 are slightly lower despite positive data; some miners are moving higher

From Nasdaq: 2025-01-24 05:53:02

U.K. stocks are slightly lower despite positive data on manufacturing and services sectors. President Trump’s comments on interest rates and potential trade agreement with China are supporting the market. The FTSE 100 is down 0.33% at 8,536.61 after reaching 8,588.29. Composite PMI rose to 50.9 in January, beating expectations. Manufacturing PMI increased to 48.2, while Services PMI hit 51.2. Antofagasta, Glencore, and Rio Tinto are up, while Burberry soars 13%. Pearson, Natwest Group, and other companies are down 1 to 2%. WPP, Entain, and JD Sports Fashion are among the gainers.



Read more at Nasdaq: FTSE 100 Retreats After Slightly Positive Start; Miners Move Higher