UK FTSE 100 Rises on Financials
London shares edged higher on Tuesday as strong gains in financial and defence stocks outweighed weakness in energy companies. Investors also weighed comments from Bank of England officials regarding potential rate decisions.
Insights:
London's FTSE 100 index rose 0.2% to 10,811.28 points during Tuesday morning trading as heavyweight financial and defence shares offset energy losses. The midcap FTSE 250 advanced 0.6% during the same morning session. The gains follow hawkish comments from BoE officials regarding monetary policy.
