UK Stocks Fall as Rising Oil Prices Lift Bond Yields
London shares dipped as continued fighting in the Middle East pushed oil prices to one-week highs and stoked inflation fears worldwide. Benchmark gilt yields also rose while investors weighed comments from Bank of England officials.
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London shares fell 0.24% on Thursday as ongoing Middle East conflict pushed oil prices to one-week highs, stoking global inflation concerns. The blue-chip FTSE 100 index dipped to 10,679.99 points, while the midcap FTSE 250 slipped 0.85%. The losses followed stalled diplomatic talks between the United States and Iran, alongside missile strikes in the region.
