FTSE 100 climbs, led by Standard Chartered and sector gains

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FTSE 100 climbs, led by Standard Chartered and sector gains
Credit: © Reuters.

LONDON - The FTSE 100 Index experienced a notable rise today, closing up 1.26% at 7,504.25 points. The increase was led by a robust performance from Standard Chartered (OTC: SCBFF ) PLC, which surged by 4.73%. The uplift in the index was supported by significant gains across various sectors. British Land Co., D C C P L C, NatWest Group PLC, and Intermediate Capital Group PLC all enjoyed advances in their share prices, with increases ranging between 3.43% and 4.53%.

Despite the overall positive momentum, BAE Systems PLC (LON: BAES ) encountered a slight setback with a decline of 0.61%, marking the largest fall among its peers for the day. Other companies such as Unilever PLC (LON: ULVR ) and Rolls-Royce (OTC: RYCEY ) Holdings PLC also faced minor dips of 0.51% and 0.20%, respectively. Additionally, Melrose Industries PLC and Sage Group (LON: SGE ) PLC experienced marginal drops in their stock values.

The British currency showed mixed results in the foreign exchange markets, gaining a modest 0.11% against the US dollar while slipping slightly by 0.13% against the euro.

In the commodities sector, Brent crude oil prices saw a significant jump of 3.3%, reaching $79.94 per barrel. Meanwhile, the financial markets registered a decrease in yield for the U.K.'s benchmark gilt, which settled at a lower rate of 4.101%.

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