FTSE 100 Rises on Trump-Xi Summit News, UK GDP Steady

Stocks on the FTSE 100 rose as improved investor sentiment followed the announcement of an upcoming summit between former U.S. President Donald Trump and Chinese President Xi Jinping, boosting optimism around trade relations. The positive momentum was supported by steady UK GDP data, which showed no contraction and alleviated near-term concerns about British economic health. The market reaction reflects a shift in risk appetite driven by potential easing in U.S.-China trade tensions, benefiting export-sensitive and globally exposed UK equities. FTSE-listed multinationals, particularly in mining and pharmaceuticals, were among the main gainers due to their significant revenue exposure to international markets. Traders will watch the outcome of the Trump-Xi summit and upcoming UK inflation data for further cues on monetary policy and growth momentum.

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