UK indexes climb as banks lead gains, oil prices retreat
London shares climbed on Monday, with bank stocks leading gains, as risk appetite worldwide got a lift after oil prices retreated on hopes of diplomatic progress in the Middle East. The blue-chip FTSE 100 index rose 0.73% to 10,737.66 points by 0932 GMT. The midcap FTSE 250 climbed 0.69%. Heavyweight banks were among the top gainers, with HSBC climbing 1.6%, Barclays rising 2.3% and Standard Chartered gaining 2.1%.
, UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Sept 21 (Reuters) — London shares climbed on Monday, with bank stocks leading gains, as risk appetite worldwide got a lift after oil prices retreated on hopes of diplomatic progress in the Middle East. 5% in the last session. 69%. 1%.
8% as copper prices edged up over optimism regarding resilient Chinese demand. 4%. MET/L Oil prices slid to their lowest in more than a week over hopes for diplomatic progress on the US-Iran war due to this week's UN meeting. Oil majors BP and Shell dipped near 1% each.
O/R Falling crude prices also boosted travel-related companies, with airline operator IAG rising more than 1%. 1% after brokerage Peel Hunt downgraded the stock to "hold" from "add". 7% after its portfolio company Beacon Therapeutics' Phase II/III VISTA trial met US FDA-endorsed primary endpoint for gene therapy laru-zova. Craneware plummeted 23% after the healthcare financial software firm cut its full-year revenue outlook.
Investor focus would be on this week's meeting between US President Donald Trump and Chinese President XI Jinping, seeking clues on trade relations and economic outlook. S. Treasury Secretary Scott Bessent describing weekend discussions with Chinese officials as successful," AJ Bell investment director Russ Mould said. 1% a week after the Bank of England last week kept interest rates unchanged.
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