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FTSE 100 Steadies Near 10,528 as Global Tech Rebound Offsets Weak UK Jobs Data and Burnhams New Agenda

28 0
21.07.2026

LONDON — Britain's benchmark FTSE 100 index traded roughly flat Tuesday morning, standing at 10,527.69, up 0.03%, or a net variation of 2.93 points, as a rebound in global technology stocks helped offset weaker domestic employment data and investor caution surrounding new Prime Minister Andy Burnham's first major policy announcement.

The index opened the session at a loss, falling 22 points to 10,502 in early trading before recovering through the morning to trade close to Monday's closing level of 10,524.76. Tuesday's session saw the FTSE 100 swing between an intraday high of 10,535.92 and a low of 10,483.14, reflecting a choppy but ultimately directionless morning for London-listed blue-chip shares.

Global tech rebound provides some support

Tuesday's relative stability in London stood in contrast to a difficult opening to the week, when the FTSE 100 fell more than 0.5% on Monday, closing at 10,543 points as investors weighed escalating tensions between the United States and Iran alongside the political transition following Burnham's appointment as prime minister. That Monday decline was led by housebuilder Barratt Redrow, down 3.44%, along with Airtel Africa and Kingfisher, both down more than 3%, while Experian, Diploma and JD Sports Fashion posted gains.

By Tuesday, a broader rebound in global technology and semiconductor stocks helped stabilize sentiment across international markets, providing some offsetting support for the FTSE 100 even as domestic economic........

© International Business Times