financetom
World
financetom
/
World
/
UK's FTSE 100 climbs on boost from oil stocks, miners amid Middle East conflict 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK's FTSE 100 climbs on boost from oil stocks, miners amid Middle East conflict 
Mar 30, 2026 9:51 AM

March 30 (Reuters) - London's FTSE 100 closed more than

1% higher on Monday, buoyed by mining and energy stocks as

commodity prices continued to rise on concerns about supply

shock due to the ongoing conflict in the Middle East.

The blue-chip FTSE 100 index closed up 1.6%, while

the midcap FTSE 250 fell 0.05%. Both indexes however,

were on track for firm monthly losses.

* The Middle East conflict showed no sign of easing as

President Donald Trump warned that Iran's energy plants and oil

wells would be obliterated if it did not open the Strait of

Hormuz, after Tehran described U.S. peace proposals as

"unrealistic" and fired waves of missiles at Israel.

* Rio Tinto rose 3.4% after the mining giant said

operations at three of its four Pilbara iron ore port terminals

have resumed after Tropical Cyclone Narelle swept through

Western Australia's Pilbara region. Industrial metal miners

rose 2.2%.

* Energy stocks climbed 2.3% to a record high

as crude oil prices remained elevated, with Brent crude headed

for a record monthly rise.

* Investors turned to defensive stocks, pushing up the

utilities sub-index 3.1% as they sought stability.

* The travel and leisure sub-index fell 0.1%,

on pace for double-digit monthly losses, as the Iran war raised

fuel-cost fears and disrupted key flight routes, threatening

profits.

* Britain's finance minister Rachel Reeves will urge G7

counterparts to avoid unilateral measures such as new trade

barriers during the Iran war, warning they could worsen energy

insecurity and disrupt global supply chains.

* British mortgage approvals rose by more than expected last

month and consumer credit grew at a faster pace than in January,

Bank of England data showed on Monday, ahead of a potential hit

from higher borrowing costs caused by the Iran war.

* A domestic fourth-quarter GDP rating and U.S. jobs report

for March will be released later this week.

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 >
MORNING BID ASIA-Seeking global steer, watching Fed pendulum swings
MORNING BID ASIA-Seeking global steer, watching Fed pendulum swings
Nov 19, 2024
Nov 19 (Reuters) - A look at the day ahead in Asian markets. Investors in Asia will likely take their cue from global dynamics and drivers given the dearth of local market-moving events on Tuesday, and if that's the case, the signs are reasonably encouraging. The rocky ride last week that saw a sharp reversal in stocks and risk appetite...
Morning Bid: Seeking global steer, watching Fed pendulum swings
Morning Bid: Seeking global steer, watching Fed pendulum swings
Nov 19, 2024
(Reuters) - A look at the day ahead in Asian markets.  Investors in Asia will likely take their cue from global dynamics and drivers given the dearth of local market-moving events on Tuesday, and if that's the case, the signs are reasonably encouraging. The rocky ride last week that saw a sharp reversal in stocks and risk appetite gave way...
Equities Close Mixed Ahead of Key Corporate Earnings
Equities Close Mixed Ahead of Key Corporate Earnings
Nov 19, 2024
04:53 PM EST, 11/18/2024 (MT Newswires) -- US benchmark equity indexes closed mixed Monday as traders awaited major corporate earnings due later in the week. The Nasdaq Composite rose 0.6% to 18,791.8, while the S&P 500 increased 0.4% to 5,893.6. The Dow Jones Industrial Average fell 0.1% to 43,389.6. Energy led the gainers among sectors, while health care was little...
Japan's Nikkei rises as chip-related shares track Nasdaq higher
Japan's Nikkei rises as chip-related shares track Nasdaq higher
Nov 19, 2024
TOKYO, Nov 19 (Reuters) - Japan's Nikkei share average rose on Tuesday, driven by chip-related stocks after the Nasdaq closed higher overnight, while investors awaited AI leader Nvidia's ( NVDA ) quarterly earnings due later in the global day. The Nikkei had climbed 0.55% to 38,429.37 by the midday break, while the broader Topix was up 0.47% at 2,704.47. Some...
Copyright 2023-2026 - www.financetom.com All Rights Reserved