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FTSE 100 dips as UK manufacturing data shows mixed signals and UK defence spending rises.

Market News
01 Jul 2026
Proactive Investors - Finance
View Source
Bullish
pluang ai news

The FTSE 100 fell 43 points to 10,454 amid mixed UK manufacturing data and fluctuating oil prices influenced by ongoing US-Iran talks. The UK government announced a £15 billion Defence Investment Plan, boosting defence sector stocks like Chemring and Babcock, despite a reported £28 billion funding shortfall. UK manufacturing output growth slowed, with inflation concerns persisting, while UK house prices remained flat month-on-month. Market sentiment is cautious ahead of key speeches from US Federal Reserve Chair Kevin Warsh and ECB President Christine Lagarde, which could influence interest rate expectations and market direction.

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