London stocks steady as energy gains balance travel losses
London stocks held steady on Monday as energy gains offset travel losses amid Middle East tensions. Markets await the Bank of England rate decision this week.
The United Kingdom's blue-chip FTSE 100 index remained largely unchanged on Monday as gains in the energy sector balanced out broader market weakness. As of 10:11 GMT, the index edged up 0.08%, following two weeks of consecutive declines. Geopolitical tensions in the Middle East continue to weigh on global markets, with the conflict involving the United States, Israel, and Iran now entering its third week.
Energy stocks rose 1.2% as oil prices reacted to regional instability. Major players BP p.l.c. and Shell plc both saw their shares increase by more than 1%. This upward trend follows comments from the U.S. President regarding the security of vital shipping lanes.
