U.K. stocks are experiencing narrow fluctuations in a subdued trading session this Thursday. Investors are seeking guidance after the market reached unprecedented highs earlier in the week. Recent data reflecting a notable decline in sentiment within the manufacturing sector seems to be exerting some pressure on the market.
The market's cautious tone is partly attributed to worries surrounding U.S. President Donald Trump's tariff threats.
Approximately 30 minutes before noon, the FTSE 100 benchmark index has slipped by 8.65 points, equating to a 0.1% decrease, bringing it to 8,536.48.
Among the decliners, Entain has experienced a drop of 3.7%, JD Sports Fashion has decreased by 3.1%, Associated British Foods has fallen by 2.6%, and Anglo American Plc has declined by 2.3%.
Other companies facing losses include Auto Trader Group, Fresnillo, Glencore, Marks & Spencer, Smith & Nephew, Scottish Mortgage, Rio Tinto, Kingfisher, and Prudential, which are all down by 1% to 2%.
On the positive side, Intermediate Capital is up by 1.8%, with Weir Holdings trailing closely with a 1.7% increase. Centrica, EasyJet, British American Tobacco, Imperial Brands, IAG, NatWest Group, and Standard Chartered are also showing gains, rising by 1% to 1.3%.
According to a report from the Confederation of British Industry, sentiment in the UK manufacturing sector has plunged significantly to -47 as of January 25, marking the most pronounced decline in more than two years. Additionally, a separate report from the same organization indicates that UK factory orders fell to a Net Balance of 34 in January 2025, compared to the previous month.
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