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On Tuesday, the FTSE 100 remained largely unchanged at approximately 9,160 points. Earlier optimism spurred by discussions in Washington involving leaders from the US, Ukraine, and Europe was tempered by cautious sentiment leading up to the Jackson Hole symposium on Thursday. President Volodymyr Zelenskyy revealed that Russia proposed beginning with bilateral discussions with Ukraine, followed by a trilateral meeting involving the US president. In corporate developments, mining behemoth BHP reported its lowest annual profits in five years, impacted by reduced demand from China and falling iron ore prices. The company announced a 26% decline in underlying profits, down to $10.16 billion, which fell short of the consensus expectation of $10.22 billion.
