UK's FTSE 100 climbs in broad rally
EWU•The FTSE 100 closed up 0.7% at 10,767.33 points, while the FTSE 250 rose 1.09% to 24,501.25. Sentiment toward AI stocks improved after Anthropic's US IPO filing, as investors awaited the UK budget and the Federal Reserve's policy decision.
1. Indexes finish higher
The FTSE 100 closed 0.7% higher at 10,767.33 points on Monday. The FTSE 250 gained 1.09% to 24,501.25, its biggest one-day rise since October 9.
2. Stocks and bonds move
Rolls-Royce Holdings rose 6.1% and BAE Systems gained 4.1% in a broader aerospace and defence rebound. Energy stocks fell 0.8%, with Shell down 0.8% and BP off 1.2%. British 20-year government bond yields fell to a one-month low ahead of finance minister John Healey's first budget.
3. Investors await decisions
Anthropic's US IPO filing lifted sentiment toward AI stocks after a recent selloff tied to concerns about debt-funded AI infrastructure spending. Investors were also watching for the Federal Reserve's Wednesday policy decision, which was largely expected to leave rates unchanged, and UK inflation data had strengthened the case for a Bank of England rate hike in November. Computacenter rose 13% after raising its fiscal 2026 adjusted pre-tax profit forecast.
