London pre-open: Stocks to gain after Tuesday's heavy losses
By Michele Maatouk
Date: Wednesday 05 Mar 2025
(Sharecast News) - London stocks were set to gain at the open on Wednesday following heavy losses in the previous session, as markets were rattled by trade war concerns.
The FTSE 100 was called to open around 75 points higher, having closed down 1.3% on Tuesday.
Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: "Trump's tariffs went live yesterday, sending global markets - including the US indices - tumbling, until rumours of a potential rollback started circulating.
"High volatility is driving investors toward safe havens like bonds and gold, while the Trump-fuelled rally in the US dollar index has already reversed."
In corporate news, Games Workshop lifted guidance for the full year, saying trading in January and February had been ahead of expectations, with strong trading across both the core business and licensing.
Elsewhere, wealth management outfit Quilter lifted its full-year dividend by 13% after a strong end to 2024, as the company reported double-digit profit growth and a big increase in assets under management and administration.
Chief executive Steven Levin said 2024 was an "excellent year in terms of net inflows, revenue momentum, cost discipline and profit growth".
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