FTSE 100 rises 0.4% as defensives lead
London’s FTSE 100 closed up 0.4% at 10,697.57 points as investors rotated into defensive sectors, while government bond yields resumed their advance ahead of central bank decisions.
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London’s FTSE 100 closed up 0.4% at 10,697.57 points as investors rotated into defensive sectors, while government bond yields resumed their advance ahead of central bank decisions.
The FTSE 100 rose 0.4% on Monday, outperforming other European markets, with oil stocks and defensive names supporting sentiment. Shell and BP rose around 1%, while GSK gained over 4.5% on positive lung-cancer drug data and Legal & General added about 1.3% after launching a £600 million share-buyback tranche.