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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: StanChart rallies on US-China deal; Hikma falls

(Sharecast News) - London's FTSE 100 was up 0.6% at 8,607.44 in afternoon trade on Monday after the US and China agreed a temporary deal to cut tariffs. Asia-focused bank Standard Chartered was among the top performers on the index,

Heavily weighted miners also rose, with Glencore, Anglo American and Antofagasta all up thanks to a US-China deal to cut tariffs and rising base metals prices.

Precious metals miner Fresnillo slumped as gold prices lost their shine as investors turned away from safe havens amid trade deal optimism.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "However, the precious metal is still 25% higher since the start of the year, indicating that nervousness remains about the global outlook."

Hikma Pharmaceuticals was also weaker after Trump wrote on his Truth Social site that drug prices would be cut by 59%.

FTSE 100 - Risers

Smurfit Westrock (DI) (SWR) 3,383.00p 8.08% Standard Chartered (STAN) 1,153.00p 8.01% CRH (CDI) (CRH) 7,468.00p 5.27% Glencore (GLEN) 265.15p 5.09% International Consolidated Airlines Group SA (CDI) (IAG) 311.60p 4.85% Spirax Group (SPX) 6,455.00p 4.79% Anglo American (AAL) 2,145.50p 4.74% Antofagasta (ANTO) 1,812.50p 4.56% InterContinental Hotels Group (IHG) 8,976.00p 4.25% St James's Place (STJ) 1,067.00p 4.15%

FTSE 100 - Fallers

Fresnillo (FRES) 1,005.00p -5.28% Marks & Spencer Group (MKS) 346.30p -3.27% Relx plc (REL) 3,907.00p -3.05% National Grid (NG.) 1,022.00p -3.04% United Utilities Group (UU.) 1,079.00p -2.88% Coca-Cola HBC AG (CDI) (CCH) 3,704.00p -2.73% Next (NXT) 11,920.00p -2.49% Beazley (BEZ) 866.00p -2.48% Hikma Pharmaceuticals (HIK) 1,956.00p -2.40% Auto Trader Group (AUTO) 839.60p -2.39%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.