FTSE 100 Rises Amid AI Worry and Central Bank Meetings

The FTSE 100 index outperformed on Monday, closing up 0.4% at 10,697.57, while the S&P 500 and Nasdaq Composite fell 0.7% each.

The mixed performance in London was attributed to a range of factors, including Middle East tensions, AI slowdown fears, and caution ahead of central bank meetings.

Leading tech stocks were hit hard on Wall Street as top AI executives called for a coordinated slowdown of AI development to better understand the risks.

This move weighed heavily on chipmakers like Nvidia, Advanced Micro Devices, and Intel, which fell 3.1%, 5.9%, and 5.4% respectively.