London’s FTSE 100 Rises on Oil Surge, Focus on Inflation Data

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

The UK’s FTSE 100 made slight gains on Monday, driven by increased crude prices lifting energy stocks, although investors’ wariness ahead of domestic inflation data and key central bank decisions tempered the rise.

Energy shares (FTNMX601010) advanced by 0.8%, in sync with the rise in crude prices, fueled by the perception of tightening supply, consequently lifting the resource-driven FTSE 100 index by 0.1% as of 0910 GMT.

Additionally, Reckitt Benckiser ( RKT.L) shares surged by 2.4%, further contributing to the benchmark index’s growth, following a significant decline of around 14% on Friday.

Investors will keep a close watch on the UK’s inflation data for February and the upcoming interest rate decision by the US Federal Reserve, both scheduled for Wednesday, just ahead of the Bank of England‘s own rate announcement.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, noted, “The FTSE 100 saw a modest positive start, likely to persist throughout the week until we receive updates from the Fed and the Bank of England.”

She emphasized, “Investors are eager to gauge central bankers’ sentiments regarding potential interest rate adjustments, and any indications of a more hawkish stance due to rising inflation could introduce volatility later in the week.”

London's FTSE 100 Rises on Oil Surge, Focus on Inflation Data
FTSE 100 (London Stock Exchange Share Index)

The central bank is widely anticipated to maintain current interest rates in the upcoming meeting, with attention focused on determining the timing of the first potential rate cut.

In the mid-cap FTSE 250 index (FTMC), there was a marginal 0.1% increase, with Currys (CURY.L) standing out as one of the top performers, surging by 3.5% after the electricals retailer upgraded its profit outlook due to recent stronger-than-expected sales.

Meanwhile, Bytes Technology (BYIT.L) saw a significant decline of 13% after the IT software services provider initiated an independent committee to investigate the former CEO’s resignation and undisclosed share transactions.

Haleon ( HLN.L) experienced a 1.7% drop following the announcement by U.S. drugmaker and major shareholder Pfizer of its intention to reduce its stake in the toothpaste maker to approximately 24%.

To have the best trading experience with us, open an account at Longhorn

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *