London Midcaps Lead Losses As Gilt Yields Surge
London midcaps logged their biggest one day drop since March as rising global bond yields weighed on markets amid Middle East tensions and inflation concerns. Meanwhile, Reckitt Benckiser gained following a favorable U.S. court ruling.
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London Midcaps Suffer Steepest Drop Since March on Gilt Yield Surge
United Kingdom midcaps logged their sharpest one-day drop since March during Tuesday's trading session as rising global bond yields weighed heavily on investor sentiment. The domestically focused FTSE 250 declined 1.67%, while the export-focused FTSE 100 closed 0.32% lower at 10,789 points. The broad market pullback was driven by escalating geopolitical tensions in the Middle East and renewed inflation fears.
