London shares slip as rising oil prices lift yields
London shares dropped on Tuesday as higher oil prices pushed bond yields to multi-year highs. Investors are now awaiting the upcoming Bank of England policy meeting and domestic inflation data.
Xurve View
Insights:
Xurve View
London shares slipped on Tuesday afternoon, hovering near two-month lows as rising oil prices pushed bond yields higher. The blue-chip FTSE 100 index fell 0.4% to 10,658.13 points, while the midcap FTSE 250 dipped 0.1% to 23,818.74 points. Investors are weighing domestic economic data ahead of a Bank of England monetary policy meeting later this week.
