Tech soars, leaving FTSE 100 behind

Chris Beauchamp IG

Tech sentiment continues to recover, leaving the FTSE 100 looking a little unloved, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.

FTSE 100 gains muted as tech stocks rebound

While this is a broad up day for stock markets globally, the FTSE 100 has seen a much more muted session compared to the frenzied buying in technology. All this needs to be seen in context of course – UK stocks mostly avoided stomach-churning volatility of last week, and have held up better of late anyway. But with the Anthropic IPO in full flow and sentiment around tech looking much more robust, it seems we are watching the rotation in stocks go back the other way.

Oil prices gain on peace talk unease

The rout in oil is over for now, but it looks like Trump has opted to leave the status quo intact in the region rather than go for either risky but potentially unproductive action or a deal that is bound to make him look weak. This leaves oil prices in something of a limbo, but a full return to the lows pre-March still seems a pipe dream given the drumbeat of attacks in the region.

Author

Chris Beauchamp

Chris Beauchamp has been with IG for four years, and in that time has become a regular commentator and analyst for the financial press and TV, with appearances on all the major financial channels as well as the BBC and Sky News.

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