FTSE 100 Closes Flat as European Markets Observe May Day

The FTSE 100 ended Thursday's trading sessions unchanged, closing at 8,496.80 at 5:36 pm CET. This stability came as other major European markets remained closed in observance of May Day.

Economic Reports Signal Challenges for the UK

Recent economic data from the United Kingdom painted a mixed picture, with the manufacturing sector contracting in April. Additionally, mortgage approvals for house purchases saw a decline in March, signaling potential headwinds for the housing market.

Currency Movements Reflect Market Sentiment

On the currency front, the euro experienced a 0.51% decrease against the US dollar, trading at 1.12727 by 5:35 pm CET. Similarly, the pound sterling weakened by 0.37% against the dollar, reaching $1.32820 shortly thereafter.