FTSE 100 Trades Cautiously on Monday
2026-01-26 08:58
By
Agna Gabriel
1 min. read
The FTSE 100 traded around the flatline on Monday as gains in miners were offset by losses in defence and consumer stocks.
Precious metals miners led the index as gold and silver rallied to fresh highs, with Fresnillo rising more than 4% and Endeavour up over 2.5%, while broader miners also advanced, including Antofagasta up more than 3%, Anglo American up 1.5% and Rio Tinto up 0.8%.
By contrast, defence names weakened, with BAE Systems down around 0.5% and Rolls Royce lower by about 1%, while Reckitt Benckiser fell more than 3%, weighing on overall performance.
Market sentiment remained cautious as geopolitics stayed in focus, with renewed tensions between the United States and Canada after Prime Minister Mark Carney ruled out a free trade agreement with China following threats from President Donald Trump to impose steep tariffs on Ottawa if such a deal were pursued.