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FTSE 100 Slips Slightly at Midday After Morning Rally Fades as Traders Weigh Iran Deal Hopes This Week
['Tony Jackson']
International Business Times Australia
The FTSE 100 had traded in a range between 10,941.55 and 10,836.86 during the session, reflecting a choppy day of trading that saw the index pull back from stronger early gains.
That optimism helped push Brent crude prices lower earlier in the session, easing broader inflation concerns and supporting risk appetite across global markets.
That early-session optimism was echoed across global markets overnight, with Wall Street closing at fresh record highs and Asian markets extending the rally into Wednesday's trading.
Insurer Legal & General also drew attention Wednesday, with one long-tenured investor highlighting the company's 7.17% dividend yield as a standout among FTSE 100 constituents.
Wednesday's session followed a mixed picture in Tuesday's trading, when the FTSE 100 had gained around 0.5%, driven largely by strength in mining stocks.