FTSE 100 Rises for 2nd Session
The FTSE 100 traded higher on Tuesday, extending the previous session’s 1% gain, as investors continued to assess falling oil prices and easing geopolitical concerns. Banks led the advance, with HSBC and Lloyds rising more than 1%, while Barclays and Standard Chartered gained around 2%. Barclays reported that UK consumer card spending increased 2.3% year-on-year in October, the strongest growth since July 2025, although all five of the lender’s consumer confidence indicators declined during the month. Defence and industrial stocks also performed well, with Rolls-Royce climbing almost 3% and BAE Systems adding 1.5%. British American Tobacco and GSK each advanced around 1.5% and 1%, respectively. In contrast, Shell and BP fell around 1% as crude prices weakened amid growing hopes of an earlier resolution to the US-Iran conflict.
The FTSE 100 traded higher on Tuesday, extending the previous session’s 1% gain, as investors continued to assess falling oil prices and easing geopolitical concerns. Banks led the advance, with HSBC and Lloyds rising more than 1%, while Barclays and Standard Chartered gained around 2%. Barclays reported that UK consumer card spending increased 2.3% year-on-year in October, the strongest growth since July 2025, although all five of the lender’s consumer confidence indicators declined during the month. Defence and industrial stocks also performed well, with Rolls-Royce climbing almost 3% and BAE Systems adding 1.5%.
British American Tobacco and GSK each advanced around 1.5% and 1%, respectively. In contrast, Shell and BP fell around 1% as crude prices weakened amid growing hopes of an earlier resolution to the US-Iran conflict.