FTSE 100 higher today; shares mixed at market open
Source Investing
Investing.com – U.K. equities started mixed on Monday, with rises in all sectors. The top gainers are Travel & Leisure, Industrial Metals & Mining, Industrial Transportation and Banks.
At the market open in London, the FTSE 100 Index climbed 0.69%. The FTSE 250 Index and the FTSE 350 Index also rose. The FTSE 250 increased 0.47%, while the FTSE 350 was up by 0.57%.
Top Gainers:
- Entain (LON:ENT): Rose 6.12% or 39.16 points to 678.56.
- Flutter (LON:FLTRF) Entertainment: Climbed 2.40% or 385.0 points to 16,420.0.
- Airtel Africa (LON:AAF): Increased 2.14% or 2.40 points to 114.60.
Top Losers:
- Burberry Group (LON:BRBY): Fell 288% or 17.4 points to 587.0.
- AstraZeneca (LON:AZN): Dropped 0.41% or 52.2 points to 2,597.8.
- Severn Trent (LON:SVT): Declined 0.26% or 7.0 points to 2,703.0.
In Commodities Trading:
- Gold Futures for December delivery declined 1.10 points to 2,523.50 a troy ounce.
- Crude Oil for October delivery climbed 1.11 points to 68.78 a barrel.
- November Brent Oil Contract rose 1.49% or 1.06 points to 72.12 a barrel.
Currency Markets:
- GBP/USD started the week at 1.3102.
- EUR/GBP is at 0.84.
- The US Dollar Index Futures was up 0.31% at 101.452.
Main Economic Events:
The United Kingdom economic calendar today is empty.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
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Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
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The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
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