UK stocks rise, banks lead gains as oil prices retreat
London shares closed higher on Monday, with banks leading gains, as risk appetite worldwide got a boost after oil prices retreated on hopes of diplomatic progress in the Middle East. The blue-chip FTSE 100 index rose 0.75% to 10,739.01 points after declining almost 1.5% in the previous session. The midcap FTSE 250 climbed 1.18% to its highest level in nearly two weeks.
(Updates to markets close) Sept 21 (Reuters) — London shares closed higher on Monday, with banks leading gains, as risk appetite worldwide got a boost after oil prices retreated on hopes of diplomatic progress in the Middle East. 5% in the previous session. 18% to its highest level in nearly two weeks. 7%.
2%. Copper prices rose for a fifth straight session, approaching record highs as hopes of stronger Chinese demand fueled buying. 9%, respectively. MET/L Oil prices slid towards the psychological threshold of $100 a barrel and to their lowest in 11 days as investors hoped for diplomatic progress in resolving the Iran war ahead of this week's UN meeting.
4%, respectively. 9%. 2% after its portfolio company Beacon Therapeutics' Phase II/III VISTA trial met the US FDA-endorsed primary endpoint for gene therapy laru-zova. 8% after the healthcare financial software firm cut its full-year revenue outlook.
Meanwhile, investors await this week's meeting between US President Donald Trump and Chinese President Xi Jinping for 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. 2% a week after the Bank of England kept interest rates unchanged.
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