FTSE 100 down as US-China trade talks stall once again

The blue-chip index fell as much 0.5% on Thursday, with the slide driven by US-China trade talks stalling and ex-dividend markdowns from several major UK stocks.

The FTSE 100 fell more than 35 points on Thursday after US-China trade talks stalled, as officials in Washington and Beijing struggle to reach an agreement on phasing out some tariffs.

Overall, the prospect of the US-China trade war cooling has helped global stocks, but with US President Donald Trump threatening further tariffs if a deal is not done soon investors remain cautiously optimistic.

Looking to trade the FTSE 100 and other major indices? Open a live or demo account with IG.

Burberry share surge stops Footsie falling further

Luxury fashion brand Burberry saw its shares climb 7% higher on Thursday after delivering a strong set of half-year results.

The luxury retailer owes its strong quarterly sales to designer Riccardo Tisci’s new collections which have garnered significant interest and helped offset declines in Hong Kong amid ongoing protests.

‘We are pleased with our performance in the half, as we remain on track to deliver the first phase of our strategy,’ Burberry CEO Marco Gobbetti said.

‘New product now represents a high proportion of our assortment and the customer response has been positive delivering strong double-digit growth.’

Ex-dividend markdowns weigh on FTSE 100

The blue-chip index was helped in its march lower this morning by ex-dividend markdowns from distribution and outsourcing company Bunzl, drug maker GlaxoSmithKline, oil and gas major Royal Dutch Shell, and British supermarket chain Sainsbury.

You can go long or short the FTSE 100 with IG using derivatives like CFDs.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.