UK Stock Market Today: FTSE 100 Rebounds as Diageo, Miners and Banks Lead Early Rally
UK shares climbed Wednesday, with the FTSE 100 snapping higher as money moved into miners, banks and Diageo following a dip in oil and fresh optimism for a U.S.-Iran agreement. The blue-chip index hovered near 10,387, up roughly 1.6%. The FTSE 250 added 1.0%. This comes just after a tough Tuesday session. The FTSE 100 slid 1.4% to 10,219.1—marking its steepest single-day decline since late March. HSBC’s unexpected loss put pressure on bank shares, and renewed inflation concerns surfaced on the back of climbing energy prices.