India, Sept. 1 -- The U.K. market is somewhat subdued a little past noon on Monday, having pared modest early gains as investors, awaiting fresh signals, remain a bit wary of making significant moves.
The undertone is a bit firm after a U.S. appeals court ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal.
The 7-4 ruling by the U.S. Court of Appeals for the Federal Circuit affirmed a lower court's finding that Trump had exceeded his authority in tapping emergency economic powers to impose wide-ranging duties.
At the same time, the judges allowed the tariffs to stay in place through mid-October, giving Trump time to take the fight to the Supreme Court.
The benchmark FTSE 100, which advanced...