Sector Review
![uk dl flag uk dl flag](https://img.s3wfg.com/web/img/images_uploaded/1/5/uk_dl_flag_285x185.jpg)
Sector movers: Defensives gain on mixed day, investors gird for BoE, Big Tech
FTSE 350 stocks trade mixed at the start of the week with Defensive issues on the rise whilst geopolitics and concerns around economic growth overseas weighed on Travel and Personal Goods.
![dl ensilica plc aim technology hardware and equipment semiconductors logo 20230217 dl ensilica plc aim technology hardware and equipment semiconductors logo 20230217](https://img3.s3wfg.com/web/img/images_uploaded/b/2/dl-ensilica-plc-aim-technology-hardware-and-equipment-semiconductors-logo-20230217_285x185.jpg)
Sector movers: Mixed day for FTSE 350, tech stocks sag
UK stocks put in a mixed showing in the middle of the week as a stronger-than-expected reading on inflation tempered expectations for a September cut in Bank Rate.
![dl crest nicholson housebuilder house builder home homes property development residential ftse 250 min dl crest nicholson housebuilder house builder home homes property development residential ftse 250 min](https://img1.s3wfg.com/web/img/images_uploaded/4/7/dl-crest-nicholson-housebuilder-house-builder-home-homes-property-development-residential-ftse-250-min_285x185.jpg)
Sector movers: Real Estate, Homebuilders still being sought out
Real estate names and homebuilders paced gains at the end of the week amid ongoing optimism around Labour having come out on top in the elections.
![notes pound dl bank of england pounds finance fx sterling mortgage uk notes pound dl bank of england pounds finance fx sterling mortgage uk](https://img5.s3wfg.com/web/img/images_uploaded/d/7/notes_pound_dl_bank_of_england_pounds_finance_fx_sterling_mortgage_uk_285x185.jpg)
Sector movers: Homebuilders, water utilities pace gains
Homebuilders and Utilities paced gains on Thursday following the release of a weaker-than-expected reading for US inflation in the month of June that weighed on longer-term government bond yields on either side of the Atlantic.
![gold dl bullion boe bank of england gold dl bullion boe bank of england](https://img6.s3wfg.com/web/img/images_uploaded/5/a/gold_dl_bullion_boe_bank_of_england_285x185.jpg)
Sector movers: UK stocks underperform their US peers again
UK stocks underperformed their peers on the other side of the Pond again on Tuesday.
![calculator dl 1 calculator dl 1](https://img4.s3wfg.com/web/img/images_uploaded/0/4/calculator_dl_1_285x185.jpg)
Sector movers: Foreign investors still circling UK corporates
UK corporates appeared to continue to be in the crosshairs of foreign groups at the start of the week.
![uk dl flag uk dl flag](https://img.s3wfg.com/web/img/images_uploaded/1/5/uk_dl_flag_285x185.jpg)
Sector movers: Homebuilders get a boost as markets take stock of Starmer
UK stocks were higher at the end of the week following a massive win for Labour under Sir Keir Starmer in the previous night's election.
![jerome powell dl fed chairman us usa bonds dollar jerome powell dl fed chairman us usa bonds dollar](https://img.s3wfg.com/web/img/images_uploaded/e/0/jerome_powell_dl_fed_chairman_us_usa_bonds_dollar_285x185.jpg)
Sector movers: Miners gain on investors' hopes for Fed rate cuts
Miners and Utilities paced gains on the stock market in the middle of the week after the release of a flurry of weaker-than-expected economic data Stateside fanned hopes for a decline in interest rates.
![shell dl oil gas uk commodities nigeria crude brent wti shell dl oil gas uk commodities nigeria crude brent wti](https://img2.s3wfg.com/web/img/images_uploaded/d/4/shell_dl_oil_gas_uk_commodities_nigeria_crude_brent_wti_285x185.jpg)
Sector movers: Construction, Big Oil pace gains
Construction stocks paced gains on the FTSE 350 on Tuesday, in anticipation of a Labour victory at the next elections and of policies friendly to the sector.