FTSE 100 Declines Further: Greenland Concerns Continue to Weigh

The FTSE 100 fell 1.1% on Tuesday, extending losses as investors continued to react to President Donald Trump’s newly announced tariff plans linked to Greenland.

The DAX also dropped 1.1%, while the CAC 40 slipped 0.9% and the Stoxx 600 weakened by 1%.

The prospect of US tariffs on goods from several European nations, including the United Kingdom, has kept markets on edge. The policy shift, unveiled over the weekend, has fuelled fears of higher import costs and transatlantic tensions, not just trade-related.

UK economic data added little relief. The unemployment rate held at 5.1% for the three months to November, while fresh indicators pointed to softer wage growth. The figures reinforced expectations that labour market conditions are cooling.

Although gold and silver continued to rise, the usual boost for London-listed mining stocks failed to materialize, with the sector broadly weaker.

Among individual movers, Informa led FTSE 100 gainers, rising 2.6%, followed by Endeavour Mining and BT Group, up 1.1% and 1% respectively. Burberry and Spirax-Sarco Engineering were among the biggest fallers, each down 3.3%, while Ashtead Group dropped 2.8%.

In corporate news, GSK said it had agreed to acquire RAPT Therapeutics for $58 per share in cash, valuing the Nasdaq-listed company at about $2.2 billion.

Elsewhere, DFS Furniture surged more than 8% after forecasting full-year profits of £43 million to £50 million, ahead of expectations. Wise jumped more than 13% after reporting a strong third quarter, with cross-border volumes up 26% to £47.4 billion and active customers rising 20% to 10.9 million.