FTSE 100 rises as tech gains offset Asia financial drag
The FTSE 100 rose 0.3% as tech gains offset a slide in Asia-exposed lenders. Sentiment improved following a ceasefire agreement between Israel and Lebanon.
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Xurve View
The United Kingdom blue-chip FTSE 100 index rose 0.3% on Thursday as software gains outweighed a slump in Asia-focused financial stocks. This gain occurred alongside a 0.5% rise in the mid-cap FTSE 250, while crude oil prices fell more than 3% following Middle East ceasefire news. Investors are balancing domestic economic contraction against easing geopolitical risks and news that China is tightening offshore account rules.
