UK Indexes Rise as Oil Retreats
London shares closed higher on Monday as retreating oil prices boosted risk appetite worldwide. Banks and defense stocks led the gains while energy firms declined.
Xurve View
Insights:
Xurve View
London indexes climbed on Monday afternoon as retreating oil prices lifted global risk appetite and drove heavyweight banks higher. The blue-chip FTSE 100 index rose 0.75% to 10,739.01 points following a 1.5% decline in the previous session. The advance came as investors monitored diplomatic developments in Iran ahead of international talks.
