Banks Jump in FTSE Rally, AI Tugs LSEG
FTSE 100 climbs as HSBC, StanChart, Prudential rally The FTSE 100 gained 0.6% to 10,316.05 at 0917 GMT on Thursday, lifted by a rebound in HSBC, Standard Chartered and Prudential. HSBC and Standard Chartered rose 2% each. Prudential jumped 3.4%. Mid-cap FTSE 250 traded flat. Market gains stayed limited with concerns over the Middle East and new doubts about funding the artificial-intelligence rally. FTSE momentum shifted on Thursday as the index bounced back from Wednesday’s close near mid-May lows. Defensive names like energy and consumer staples held the market steady on Wednesday, but on Thursday the flow went into financials. It wasn’t a full risk-on trade.