financetom
Market
financetom
/
Market
/
London's FTSE 100 climbs on prospects of Middle East ceasefire 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
London's FTSE 100 climbs on prospects of Middle East ceasefire 
Mar 25, 2026 4:29 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

March 25 (Reuters) - The UK's FTSE 100 extended its

rebound on Wednesday as investors took comfort from reports

about U.S. efforts to bring the Iran war to a close, while also

assessing Britain's latest inflation data.

Washington sent Iran a 15-point plan to end the war in the

Middle East, the New York Times reported on Tuesday.

The U.S. was seeking a month-long ceasefire to discuss the

15-point plan, Israel's Channel 12 reported, quoting three

sources.

These developments helped the blue-chip FTSE 100 index

rise 1.1% at 1028 GMT and the midcap FTSE 250

rise 1.3%.

* British consumer price inflation held at 3.0% in February,

unchanged from January's rate, official figures showed on

Wednesday, ahead of a likely upward lurch as war in the Middle

East pushes up prices.

* Markets have priced in two or three quarter-point hikes

this year, with the Bank of England sharply increasing its

inflation forecast, predicting it would rise towards 3.5% by the

middle of the year.

* The energy sub-index fell 0.2% after oil

prices fell on prospects of a ceasefire in the Middle East war.

Oil major Shell fell 0.6%.

* Miners rose 3.4% as gold prices gained

after a drop in oil prices eased inflation and rate concerns,

while banks climbed 2.1%, with both sectors

delivering the biggest boost on the day.

* EnQuest ( ENQUF ) fell 6.4% after the North Sea-focussed oil

producer maintained its 2026 production outlook, banking on

investments in Britain and Southeast Asia, after Britain's

windfall levies hit last year's post-tax profit.

* ASOS rose 15% after the online retailer reported

a 50% jump in first-half profit, helped by cost cuts, app

improvements and a sharper fashion offering.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved