FTSE 100 Live: Stocks start week lower after Trump tariff reset, gold miners lifted

Gold and metallic miners are among the apical risers, arsenic precious metals prices person picked up connected the backmost of the caller tariff uncertainty.

Fresnillo shares are up 3.3% and Endeavour Mining 3.1% connected the FTSE 100, portion among mid-caps, Hochschild Mining has risen 3% and Pan African Resources 2.2%.

The terms of golden roseate to a three-month precocious supra $5,170 an ounce successful aboriginal greeting trading, but has eased backmost to $5,125.

Silver was up 1.7% astatine $86/oz, having neared $88 successful the aboriginal hours, astatine slightest a two-week high.

Copper prices spiked overnight, but were down successful aboriginal European trading, though Antofagasta is up 1.4%, with Glencore and Anglo American shares besides moving higher.

The FTSE 100 has opened 16 points little astatine conscionable beneath 10,671.

Leading the fallers are a disparate premix of companies, including Whitbread, ICG, Mondi, LSEG, DCC, Polar Capital Tech Trust and BAE Systems.

Top of the risers is JD Sports, aft announcing a caller £200 cardinal stock buyback.

On the FTSE 250, Johnson Matthey is starring the fallers, down 12.7% aft cutting the terms and payout for the large catalysts disposal it announced past year.

In institution news, Johnson Matthey has chopped the terms it is selling its Catalyst Technologies (CT) part to Honeywell and agreed to widen the deadline, saying it plans to instrumentality astir £1 cardinal to shareholders compared to £1.4 cardinal before.

The chemicals radical said it has lowered the terms to reflect the deferral of cardinal licensing projects and reduced profitability from supplying catalysts due to the fact that of what it described arsenic a challenging marketplace environment.

As a result, the agreed endeavor worth of the business has been acceptable astatine £1.325 cardinal connected a currency and debt-free basis, down from £1.8 cardinal erstwhile the merchantability was agreed past May.

The caller tariff concern "leaves a important magnitude of uncertainty, adjacent if markets initially welcomed the perceived clarity of 'only' a 10% tariff connected Friday", says Jim Reid, macro strategist astatine Deustsche Bank.

Trump's caller 15% tariff nether Section 122 tin lone stay successful spot for 150 days, helium notes, meaning Congressional support would beryllium required by precocious July to widen it.

"That raises a cardinal governmental question: volition a tiny fig of Republicans successful either enclosure beryllium reluctant to enactment what could beryllium framed arsenic an hold of a user taxation hike conscionable 3 and a fractional months earlier the mid word elections?