UK stocks trade cautiously as US tariff concerns and Johnson Matthey slump impact sentiment

UK stocks held steady on Monday as investors reacted to new US trade tariffs. Johnson Matthey shares tumbled after the firm lowered its catalyst unit sale price.

Insights:
The FTSE 100 index traded in a subdued manner on February 23, 2026, as investors assessed renewed uncertainty over trade policy in the United States USUS. This market caution followed an announcement by President Donald Trump, who vowed to implement a new 15% tariff on global imports. The move has sparked immediate volatility across markets, particularly as it comes after a U.S. Supreme Court decision that struck down prior emergency-based tariffs, impacting several key industrial sectors in the United Kingdom GBGB.
A broker monitors financial information on computer screens at the IG Index trading floor in London, Britain, on February 6, 2018. REUTERS/Simon Dawson
A broker monitors financial information on computer screens at the IG Index trading floor in London, Britain, on February 6, 2018. REUTERS/Simon Dawson
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