FTSE 100 steadies near 10,750 as bond selloff and Iran fears ease

  • FTSE 100 steadied around 10,750 points after two sessions of losses.
  • M&G dropped 2.2%, while Airtel Africa rose 3.2% on Thursday.
  • President Donald Trump said renewed US attacks on Iran were likely to be short-lived.

London’s FTSE 100 steadied around 10,750 points on Thursday, its lowest level in two weeks, after two consecutive sessions of losses as a global bond selloff eased. Oil prices edged lower after President Donald Trump said renewed US attacks on Iran were likely to be short-lived, reducing concerns about inflation and further energy-price pressures. Metals prices rebounded as fears of a wider Middle East escalation diminished, potentially easing pressure on central banks to raise interest rates and supporting demand for non-interest-bearing precious metals. BP and Shell fell about 0.7%, while Fresnillo, Endeavour, Glencore, Anglo American, Rio Tinto and Antofagasta gained between 0.5% and 1%. M&G dropped 2.2%, Compass fell 1.4% and NEXT declined 1%. Airtel Africa rose 3.2%, Vodafone gained 2.4% and London Stock Exchange advanced 1.1%.

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FTSE 100 steadies near 10,750 as bond selloff and Iran fears ease - CoinPost Terminal