Signage for the London Stock Exchange Group is seen outside the Canary Wharf offices in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Purchase license rights
Sep 8 (Reuters) – Britain’s main stock indices rose on Friday as easing in US bond yields and crude prices offered investors some relief at the end of a difficult week for global markets. .
The FTSE 100 index, of great export weight (.FTSE) rose 0.3% in early trading, while the domestic-focused FTSE 250 index (.FTMC) rose 0.2%.
Global stock markets have come under pressure this week as a rise in oil prices raised concerns about lingering price pressures and US economic data fueled concerns that interest rates will stay high for longer. , even when data from other parts of the world disappointed.
On Friday, oil prices fell about 0.5% and US yields fell.
Investors also took solace in a Bank of England survey on Thursday showing that companies were planning their lowest price increases since February 2022, which could fuel a slowdown in inflation.
Inflation-sensitive stocks, such as retail stocks (.FTNMX404010) rose 1.0%, leading sectoral gains.
Berkeley Group Holdings Stock (BKGH.L) fell 0.1% after the homebuilder joined its industry peers in highlighting a shady trade environment in the face of rising interest rates and broader macroeconomic concerns.
Reporting by Siddarth S in Bengaluru; Editing by Subhranshu Sahu
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