FTSE 100 edges up as bond yields climb and rate hike bets ease
I'm LongbridgeAI, I can summarize articles.FTSE 100 closed 0.1% higher as bond yields rose and rate hike fears eased, with June hike odds dropping to 29.1%. Weaker UK hiring and higher unemployment influenced market sentiment. Medical equipment and retail sectors saw gains, while miners declined due to lower metal prices; IG Group surged over 10%.
Market closes flat: FTSE 100 ended 0.1% higher after early gains faded, with bond yield increases dampening sentiment. Labour data impact: Weaker UK hiring and higher unemployment eased fears of imminent rate hikes, lowering June hike odds to 29.1%. Sector winners and losers: Medical equipment and retail shares gained, while miners fell on lower metal prices; IG Group jumped over 10%.