UK Stock Market Today: FTSE 100 Climbs as Traders Eye Fragile Iran Ceasefire
The FTSE 100 edged up 0.38% to 10,644.28 late Friday morning in London, with investors tiptoeing into risk ahead of U.S.-Iran talks set for the weekend in Pakistan. The FTSE 250 posted a firmer 0.79% gain, landing at 22,381.33. British stocks have been on a wild ride this week, yanked up and down as Middle East headlines kept shifting the outlook for oil prices and inflation. The FTSE 100 surged 2.5% Wednesday after word came of a two-week ceasefire, but edged down 0.1% Thursday with skepticism creeping back in. Now, traders are eyeing whether negotiators can manage to reopen the Strait of Hormuz, a critical route for roughly a fifth of the world’s energy flow.
