Market Movements: Mixed Earnings and Trade Uncertainties Shake FTSE Indices
London's main stock indexes experienced a downturn on Friday amid a blend of corporate earnings reviews and anticipation of EU-U.S. trade negotiation updates. The FTSE 100 and FTSE 250 both dropped by 0.3%, driven by declines in construction, materials, and precious metal mining stocks. Investors remain watchful as trade discussions continue.
In London, the main stock indexes saw a dip on Friday as investors navigated through mixed corporate earnings reports while awaiting outcomes from ongoing EU-U.S. trade discussions.
The FTSE 100, focused internationally, decreased by 0.3% at 0939 GMT, descending from the previous day's all-time peak but still aiming for a fifth consecutive weekly gain. The FTSE 250 index also mirrored this decline, losing 0.3%.
Construction and materials sectors led the fall, notably Marshalls plummeting 21.6% due to a gloomy full-year adjusted pre-tax profit forecast. Precious metal miners also saw losses, whereas corporate announcements from NatWest, Wizz Air, and Close Brothers showed gains.
(With inputs from agencies.)
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