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Updated · MarketWatch · May 6FTSE 100 rises 2.15% to 10,438.66 after three-day decline
10 articles · Updated · MarketWatch · May 6
- Fresnillo led gainers, jumping 11.14%, while Endeavour Mining and easyJet rose 9.17% and 8.86% in London trading on Wednesday.
- Prudential and Anglo American also climbed more than 7%, but BP was the biggest faller, down 3.72%, with Smith & Nephew and Shell also lower.
- The pound rose 0.41% against the dollar, Brent crude fell 7.0% to $102.17, and the 10-year gilt yield dropped 11.65 basis points to 4.948%.
Will a Mideast peace deal stop the Bank of England from raising interest rates to combat inflation? Why are gold prices hitting records while oil collapses, and what does this reveal about the global economy? Are markets prematurely celebrating peace, ignoring the risk of another sudden oil price shock?