FTSE 100 rises as falling oil prices boost risk appetite
EWU•The FTSE 100 rose 0.4% to 10,736.81 points, while the FTSE 250 gained 1%, as oil prices retreated more than 1%. Energy stocks fell, while most other sectors recovered.
1. Indexes rebound
The FTSE 100 climbed 0.4% to 10,736.81 points by 1118 GMT, and the FTSE 250 rose 1%, its biggest one-day jump since October 9. Oil prices retreated more than 1%, though Brent crude futures remained above $114 a barrel.
2. Sector moves
Energy stocks fell 1.8%, with Shell down 1.7% and BP down 2%. Banks gained 1.4%, aerospace and defence stocks rose 2.5%, and Rolls-Royce advanced 2.3%. Computacenter rose 10% after raising its fiscal 2026 adjusted pre-tax profit forecast.
3. Investors watch policy
Investors were focused on John Healey's first budget as finance minister and the Federal Reserve's policy meeting on Wednesday; the Fed was expected to hold rates. UK inflation data last week showed a larger-than-expected rise, strengthening the case for a Bank of England rate hike in November.
