London stocks set for weekly gains as oil, gilt yields retreat
- FTSE 100 climbs 0.7% as volatility finally takes a breather
- Gilt yields retreat, offering a momentary sigh of relief for the British markets
- Midcap FTSE 250 outperforms with a 1.2% gain
- Markets claw back losses to end the week in the green
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Brief Summary
London markets are limping toward the weekend with modest gains after a week of white-knuckle volatility. The FTSE 100 managed to push higher on Friday as investors reacted to the cooling of oil prices and a welcome drop in government bond yields.
Why This Matters
While this is a blip in the London markets, the ripple effects of global bond yields and energy prices dictate the cost of capital everywhere. When the UK market settles, it often signals a cooling of the global anxiety that keeps domestic investors on edge. Pay attention to those yields; if they start climbing again, your own investment portfolio and borrowing costs could feel the heat very soon.
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