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FTSE 100 Snaps Quarterly Winning Streak on Geopolitical Jitters

The FTSE 100 retreated on Wednesday, halting a six-quarter winning streak as investors weighed the cooling prospects of U.S.-Iran diplomatic talks. The index struggled to find momentum in early trading, reflecting broader market anxiety over potential instability in the Middle East and its subsequent impact on global trade flows.

FTSE 100 Snaps Quarterly Winning Streak on Geopolitical Jitters

Financial and industrial stocks provided a buffer against the selling pressure, preventing a sharper downturn for the blue-chip index. Gains in these sectors partially offset the losses sustained by energy and mining companies, which bore the brunt of the market's risk-averse sentiment. While the flagship index faltered, the midcap FTSE 250 showed greater resilience, posting a 0.4% gain by 0923 GMT. This performance gap suggests a divergent investor outlook between the heavyweights exposed to international commodity volatility and the domestic-focused firms comprising the midcap index.

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