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2025-07-28 17:51:22
【US-EU trade deal landed, UK stock market "cautiously" rose, auto stocks led gains】 ⑴ London's main stock indexes closed slightly higher, with the FTSE 100 up 0.1% and the FTSE 250 up 0.3%, as investors assessed the impact of the US-EU trade deal. ⑵ Although the agreement imposes a 15% tariff on most EU goods, the market is still looking for positive signals from it. ⑶ The automotive and parts sector led the gains, up 1.1%, showing that the market is looking forward to easing trade tensions. ⑷ However, industrial mining stocks were weak, falling 0.9%, dragged down by lower metal prices. ⑸ GlaxoSmithKline (GSK) shares rose 1.3% after the company reached a $500 million drug development agreement with Jiangsu Hengrui Medicine in China. ⑹ In addition, investment company Ocean Wilsons Holdings fell 10.6% after agreeing to merge with Hansa Investment, becoming the biggest loser in the FTSE 250 index. ⑺ The market is closely watching the next move of the Bank of England. Traders predict that the probability of a 25 basis point interest rate cut on August 7 is as high as 86.5%.
