British Indexes Set for Biggest Monthly Fall Since 2020

Stock markets in the United Kingdom rose on Tuesday following reports that the United States is seeking to resolve the conflict in the Middle East. Despite the daily gains, major British indices remain on course for their most significant monthly decline since 2020 as investors continue to weigh the geopolitical risks.

Global sentiment saw a boost after reports suggested that the American administration might be willing to halt military operations against Iran, even if the Strait of Hormuz remained partially closed. The blue-chip FTSE 100 index climbed 0.6% by late morning, though it is set to break an eight-month winning streak. The mid-cap FTSE 250 also rose 1.1%, attempting to recover after three months of gains.