London open: French political troubles hit stocks
By Alexander Bueso
Date: Monday 06 Oct 2025
(Sharecast News) - Stocks in London are moving lower on speculation that fresh political troubles in France are likely, even as the budget impasse in Washington D.C. continues.
That after French President, Emmanuel Macron, named a new Cabinet that left the same people in many key posts.
Some observers believe that could result in a fresh budget impasse and, possibly, new elections.
That was on top of the ongoing federal government shutdown in the US, while in a surprise development at the weekend, a pro-spending lawmaker won a leadership vote in Japan's ruling party.
As of 0839 BST, the FTSE 100 was dipping 0.17% to 9,473.83 and the second-tier index was down by 0.41% to 22,107.34.
In the background, gold futures on COMEX were climbing 1.47% to $3,966.30/oz. while US equity futures and the Greenback were both higher as well.
French 10-year bond yields were six basis points higher to 3.57%.
Japan's Nikkei-225 jumped 4.75% to 47,944.76, albeit alongside a big drop in the value of the yen.
Also at the weekend, OPEC+ countries agreed to boost their combined output by another 137,000 barrels a day.
That was less than expected by some economists.
On the economic calendar for Monday, at 0930 BST consultancy S&P Global will release its construction sector Purchasing Managers' Index for the month of September.
Aston Martin issues warning, Ferrexpo boosts output
Aston Martin Lagonda Global Holdings warned on profits and launched an immediate review of costs on Monday, after US tariffs crashed third-quarter demand.
Tools and equipment hire group Speedy Hire has announced a "transformational" commercial agreement with HSS Hire's ProService which will see it take a minority stake in the building services marketplace.
Mining giant Ferrexpo reported a modest rise in third-quarter output on Monday, as strong Chinese demand for high-grade concentrate helped offset reduced pellet production amid liquidity constraints. Total commercial production rose 3.3% quarter-on-quarter to 1.51m tonnes, though it remained 29% below Q1 levels.
AstraZeneca announced that its Datroway therapy against breast cancer had achieved positive high-level results in a Phase III trial both in terms of overall survival and progression-free survival.
Market Movers
FTSE 100 (UKX) 9,477.32 -0.15%
FTSE 250 (MCX) 22,113.39 -0.38%
FTSE 100 - Risers
Fresnillo (FRES) 2,356.00p 1.82%
BP (BP.) 429.20p 1.29%
JD Sports Fashion (JD.) 104.50p 1.16%
Rightmove (RMV) 704.80p 1.00%
Glencore (GLEN) 351.15p 0.99%
AstraZeneca (AZN) 12,730.00p 0.63%
Shell (SHEL) 2,719.50p 0.63%
London Stock Exchange Group (LSEG) 8,660.00p 0.63%
Prudential (PRU) 1,015.50p 0.49%
Metlen Energy & Metals (MTLN) 47.17p 0.48%
FTSE 100 - Fallers
Mondi (MNDI) 876.80p -16.26%
Smurfit Westrock (DI) (SWR) 2,985.00p -4.85%
NATWEST GROUP (NWG) 539.80p -1.50%
Barclays (BARC) 379.90p -1.41%
easyJet (EZJ) 465.00p -1.34%
Entain (ENT) 860.40p -1.26%
Babcock International Group (BAB) 1,281.00p -1.23%
Whitbread (WTB) 3,234.00p -1.22%
GSK (GSK) 1,609.00p -1.20%
Ashtead Group (AHT) 5,024.00p -1.18%
FTSE 250 - Risers
Vietnam Enterprise Investments (DI) (VEIL) 756.00p 2.30%
IntegraFin Holding (IHP) 360.00p 2.13%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 490.00p 2.08%
Bakkavor Group (BAKK) 212.00p 1.92%
Hochschild Mining (HOC) 389.00p 1.73%
Energean (ENOG) 822.50p 1.67%
Bodycote (BOY) 661.50p 1.61%
JPMorgan Japanese Inv Trust (JFJ) 701.00p 1.59%
Ithaca Energy (ITH) 202.50p 1.55%
Anglo-Eastern Plantations (AEP) 1,345.00p 1.51%
FTSE 250 - Fallers
Aston Martin Lagonda Global Holdings (AML) 75.00p -7.75%
QinetiQ Group (QQ.) 506.50p -5.42%
Avon Technologies (AVON) 2,030.00p -3.79%
Ashmore Group (ASHM) 178.00p -3.52%
RHI Magnesita N.V. (DI) (RHIM) 2,055.00p -2.61%
Sirius Real Estate Ltd. (SRE) 95.30p -2.21%
Pagegroup (PAGE) 232.00p -2.03%
Raspberry PI Holdings (RPI) 418.30p -1.95%
Marshalls (MSLH) 177.60p -1.88%
Watches of Switzerland Group (WOSG) 377.20p -1.87%
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