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Friday, Jan 23, 2026

FTSE 100 Ends Volatile Week Ahead of European Peers as Energy and Miners Lift London

FTSE 100 Ends Volatile Week Ahead of European Peers as Energy and Miners Lift London

London shares outperform continental markets amid global uncertainty, supported by commodities strength and defensive stocks
London’s FTSE 100 closed the week outperforming major European equity benchmarks after a turbulent period marked by shifting interest-rate expectations, mixed economic data and renewed geopolitical uncertainty.

The blue-chip index finished modestly higher on Friday, extending its relative resilience compared with markets in Paris, Frankfurt and Milan, which posted weaker weekly performances.

Gains in heavyweight energy producers and mining companies provided crucial support, benefiting from firm oil prices and renewed strength in key industrial metals, while defensive sectors such as healthcare and consumer staples also attracted steady investor interest.

The index’s internationally focused composition helped cushion the impact of domestic economic concerns, with a softer pound earlier in the week enhancing the overseas earnings outlook for large multinationals.

Across Europe, markets struggled to maintain momentum as investors digested fresh signals from central banks suggesting interest rates may remain higher for longer, alongside uneven data on growth and inflation.

Banking shares were volatile amid shifting bond yields, while technology stocks faced pressure following mixed earnings updates from global peers.

By contrast, London’s market was relatively insulated from some of the week’s sharp moves, reflecting its lower exposure to high-growth technology names and stronger weighting toward commodities and defensive assets.

Analysts noted that the FTSE 100’s performance underscored its role as a relative safe haven during periods of heightened uncertainty, even as overall risk appetite remained cautious.

As the week ended, attention turned to upcoming inflation releases, central bank commentary and further corporate earnings that are expected to shape market direction in the days ahead.
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