FTSE 100 Rises on Tuesday

2026-06-02 16:00 By Agna Gabriel 1 min. read

The FTSE 100 edged higher on Tuesday as falling oil prices boosted sentiment on renewed hopes of a lasting US-Iran peace deal, following an announcement that Israel and Hezbollah would pause hostilities in Lebanon.

Mining stocks led the gains in London, with Antofagasta rising more than 6%, Glencore and Anglo American adding over 4%, and Rio Tinto up more than 3%.

Banks also strengthened, as HSBC Holdings, Barclays and Standard Chartered gained 2.3%, 3.3% and 2.7% respectively.

In contrast, British American Tobacco fell around 3% despite reaffirming full-year guidance and pointing to strong momentum in its Modern Oral and Vapour segments.



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