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UK markets hold ground as commodities and banks show resilience
['Amilia Stone']
News – DirectorsTalk Interviews
UK markets hold ground as commodities and banks show resilienceUK equities moved modestly higher today, with the FTSE 100 supported by strength in mining stocks and a relatively stable showing from the financial sector.
The gains came amid a backdrop of firm commodity prices and investor focus on macroeconomic signals from both sides of the Atlantic.
A weaker US dollar and sustained geopolitical uncertainty have pushed up demand for hard assets, placing mining companies in a stronger short-term position.
UK business indicators, including stronger-than-expected retail and purchasing manager data, have added some optimism to the outlook.
Banking stocks, including Lloyds, have shown notable resilience in recent sessions, some reaching multi-month highs.