London shares recover as bond sell-off eases
UK shares rebounded as easing oil prices and lower bond yields helped calm inflation worries. The FTSE 100 rose slightly, though it still headed for a weekly drop.
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The United Kingdom's FTSE 100 rose 0.28% to 10,455.34 points on Friday morning as easing oil and bond yields cooled inflation fears. The rebound follows a global bond sell-off earlier in the week that heavily pressured investor risk appetite. Despite Friday's gains, the blue-chip index remained on track for its steepest weekly drop since April.
