U.K. equities experienced modest gains on Monday morning, driven by advancements in the mining and retail sectors. Investor sentiment remains cautious as attention turns to the inauguration of U.S. President Donald Trump later today.
Market participants are particularly interested in Trump's address, which may offer insights into possible tax cuts and tariff policies.
Earlier in the session, the FTSE 100 index reached a high of 8,530.07 and is currently up by 9.35 points, or 0.11%, at 8,514.57.
Hiscox is seeing an increase of over 2.5%, with Fresnillo appreciating 2%. Other companies like LondonMetric Property, Experian, RightMove, Pershing Square Holdings, Spirax-Sarco Engineering, JD Sports Fashion, IAG, and Compass Group are registering gains between 1% and 1.5%.
In contrast, Melrose Industries, Kingfisher, Beazley, National Grid, IMI, BAE Systems, Endeavour Mining, Barclays Group, Rolls-Royce Holdings, and Mondi are showing modest increases ranging from 0.5% to 1%.
On the downside, Entain is down 1.6%, and WPP has decreased by 1.1%. Other companies, including Rentokil Initial, F&C Investment Trust, Taylor Wimpey, Howden Joinery, Associated British Foods, British Land Company, and Land Securities, are experiencing declines of 0.7% to 1%.
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