London Midday: FTSE Edges Up Amid Trade Deal Hopes
London stocks nudged higher by midday on Monday, starting a busy week amid hopes of a US-China trade deal.
The FTSE 100 was up 0.1% at 9,650.46. A meeting between US President Donald Trump and Chinese President Xi Jinping is set for Thursday in South Korea to discuss trade matters.
"I believe that we have the framework for the two leaders to have a very productive meeting for both sides."
US Treasury Secretary Scott Bessent stated this in an NBC interview. Meanwhile, Trump expressed optimism, saying:
"I've got a lot of respect for President Xi and I think we're going to come away with a deal."
This statement was made to reporters on Air Force One en route to Japan from Malaysia.
Author's summary: London stocks rise amid US-China trade deal hopes.
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