London stocks climb after Wall Street rally

Published by
Reuters UK

By Sruthi Shankar (Reuters) -London’s main stock indexes climbed on Monday after a record-setting rally on Wall Street helped outweigh concerns about a slowing British economy and sticky inflation. The blue-chip FTSE 100 edged up 0.2%, with banks in the lead, while the domestically focussed FTSE 250 rose 0.7%. Wall Street’s benchmark S&P 500 hit an all-time high on Friday, as chipmakers and technology stocks rose over optimism around artificial intelligence (AI). Futures pointed to fresh gains in U.S. stocks. [.N] “The FTSE 100 is largely sitting on the sidelines of the tech rally, given the l…

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