FTSE 100 Starts the Week Higher
2026-03-30 16:05
By
Agna Gabriel
1 min. read
The FTSE 100 climbed over 1% on Monday, rebounding after a recent sell-off driven by concerns over the impact of the war in Iran.
UK stocks followed gains in Europe and the US, boosted by Federal Reserve Chair Jerome Powell’s comments that longer-term inflation expectations remain under control.
Oil giants Shell and BP rose 2% and 2.5% respectively, as oil markets approach their largest monthly gain.
Major banks, including HSBC Holdings, Lloyds Banking, Barclays, and Natwest, advanced 0.3%-1.1%.
Mining stocks also surged, with Rio Tinto up 3% and Glencore 2.5%.
Conversely, the travel and leisure sector remained under pressure, with International Airlines Group down 1.9% and Easyjet Plc falling 1.1%.
Recent data showed mortgage approvals increased in February, and consumer borrowing is rising.