UK FTSE 100 edges up as rising bond yields weigh on gains
The FTSE 100 rose 0.1% as rising bond yields offset cooling labour data. IG Group jumped 10.5% on higher forecasts while mining stocks fell with metal prices.
The United Kingdom blue-chip FTSE 100 index rose 0.1% to 10,330.5 points on Tuesday as softening labor data offset a surge in sovereign bond yields. The index pared earlier gains of 0.8% after global debt markets reacted to inflationary pressures. Investors are recalibrating interest rate expectations as cooling employment figures clash with geopolitical risks.
### Labor Market Cooling Eases Rate Pressure Data released on Tuesday showed British employers slowed hiring and posted fewer job vacancies in April. This shift prompted traders to lower their expectations for immediate tightening by the Bank of England. LSEG data now indicates a 29.1% chance of a rate hike at the June meeting.
