London's FTSE 100 gains ground as investors favor defensive stocks over commodity shares
The FTSE 100 rose on Monday as gains in defensive stocks offset a commodity slump. Investors now look to Thursday's Bank of England interest rate decision.
Insights:
The FTSE 100 in the United Kingdom 
GB rose 0.2% on Monday as investors shifted into defensive pharmaceutical and consumer staples stocks after President Donald Trump donald trump nominated Kevin Warsh kevin warsh as the next chair of the U.S. Federal Reserve in the United States 
US. The nomination triggered a sector-level reallocation across major indices, altering market leadership ahead of a Bank of England policy meeting.
GB rose 0.2% on Monday as investors shifted into defensive pharmaceutical and consumer staples stocks after President Donald Trump donald trump nominated Kevin Warsh kevin warsh as the next chair of the U.S. Federal Reserve in the United States US. The nomination triggered a sector-level reallocation across major indices, altering market leadership ahead of a Bank of England policy meeting.The shift into defensive positions benefited the healthcare sector and the personal care / consumer staples index, with AstraZeneca PLC and Unilever PLC seeing gains. This rotation helped the FTSE 100 secure its third straight session of gains, while the mid-cap FTSE 250 hit a more-than-one-week low as leadership between the benchmarks diverged.
