UK Markets Rise Amid U.S.-Iran Ceasefire Hopes
UK indexes gained for the second month, inspired by hopes of a U.S.-Iran ceasefire. FTSE indexes showed varied results with significant monthly gains for FTSE 250. Ocado shares surged due to a deal with Asda. Oil prices fluctuated with news of the ceasefire affecting shipping restrictions.
Devdiscourse News Desk | (Updates To Market Close) May 29 (Reuters) - Uk Indexes Marked A Second Straight
Month Of Gains On Friday | Updated: 29-05-2026 21:50 IST | Created: 29-05-2026 21:50 IST
The UK's stock indexes recorded a second month of gains, boosted by optimism surrounding an impending U.S.-Iran ceasefire deal aimed at extending peace measures.
The FTSE 100 concluded the day slightly lower at 0.2% but still posted a 0.3% rise for the month. Meanwhile, the FTSE 250 achieved a monthly gain of 4.3%, surging 0.4% on the final trading day.
Oil prices saw a near 2% decline following reports of an agreement between the U.S. and Iran to prolong the ceasefire, affecting shipping in the Strait of Hormuz. The energy sector experienced significant volatility, with major oil companies Shell and BP facing mixed results.
(With inputs from agencies.)
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