UK's FTSE 100 flat as investors assess Trump's latest tariffs ahead of Fed

May 6 (Reuters) - Britain's benchmark FTSE 100 index .FTSE ended flat on Tuesday, as investors assessed the lingering tariff concerns and their economic impact, with attention shifting to upcoming U.S. Federal Reserve and Bank of England policy decisions.

The domestically focused midcap index .FTMC gained 0.6%, posting its ninth consecutive daily rise.

On Sunday, U.S. President Donald Trump slapped a 100% tariff on movies produced outside the United States, while on Monday, he announced potential pharmaceutical tariffs over the next two weeks, adding to the uncertainty that has gripped financial markets in recent months.

While, investors hoped for easing trade tensions between the United States and China after Beijing said it was evaluating Washington's offer for tariff talks, limited details have kept markets struggling to interpret White House headlines.

Precious metal miners .FTNMX551030 stocks led the sectoral gains with 5.5% rise, after gold prices rose to a two-week high. GOL/

Endeavour Mining EDV.L and Fresnillo FRES.L gained the most in the FTSE 100, up 5.2% and 4.7% respectively.

Oil major BP BP.L rose 1.4% on a report of potential acquisition by Shell SHEL.L.

Shares of Deliveroo ROO.L hit an over three-year high, up 1.9%, as U.S. meal delivery firm DoorDash DASH.O agreed to buy the British rival.

Conversely, Anglo American AAL.L fell 3.1%, after Peabody Energy BTU.N said it may terminate the deal to buy the miner's Australian coal assets.

On the data front, Britain's services sector shrank in April for the first time since October 2023 and at the fastest pace in over two years, according to a survey that showed U.S. tariff turmoil was hammering exports and sentiment.

Separately, Britain and India clinched a free trade agreement, in a landmark deal that represents London's most significant post-Brexit pact, and was finalised in the shadow of Trump's tariff announcements.

Attention now shifts to BoE's policy decision, with expectations of a 25-basis-point rate cut on Thursday.

Meanwhile, Fed policymakers are likely to maintain current interest rates at Wednesday's meeting.

For related prices, Reuters users may click on -  UK stock report     .L     FTSE index:         0#.FTS6  techMARK 100 index: .FTT1X         FTSE futures:     0#FFI:  Gilt futures:       0#FLG:         Smallcap index:    .FTSC  FTSE 250 index:     .FTMC          FTSE 350 index:    .FTLC  Market digest:      .AD.L          Top 10 by vol:     .AV.L  Top price gainers:  .NG.L          Top % gainers:     .PG.L  Top price losers:   .NL.L          Top % losers:      .PL.L 
     For related news, click on - UK hot stocks:      HOT and GB     Wall Street:          .N Gilts report:       GB/            Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks:       .T             HK stocks:           .HK Sterling report:    GBP/           Dollar report:      USD/
     For company prices, click on - Company directory:  UKEQ          By sector:          FTAX 
     For pan-European market data, click on - European Equities speed guide................ EUR/EQUITY  FTSE Eurotop 300 index........................... .FTEU3  DJ STOXX index................................... .STOXX  Top 10 STOXX sectors........................ .PGL.STOXXS  Top 10 EUROSTOXX sectors................... .PGL.STOXXES  Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S  Top 25 European pct gainers.................... .PG.PEUR  Top 25 European pct losers..................... .PL.PEUR