{"id":139887,"title":"FTSE 100 Extends Gains as Diageo Rallies and Oil Prices Retreat","publisher":"Share Talk","author":"sharetalk","published":"2026-08-24T17:21:49+00:00","modified":"2026-08-24T17:21:49+00:00","canonical_url":"https://www.share-talk.com/ftse-100-extends-gains-as-diageo-rallies-and-oil-prices-retreat/","markdown_url":"https://www.share-talk.com/ftse-100-extends-gains-as-diageo-rallies-and-oil-prices-retreat.md","json_url":"https://www.share-talk.com/ftse-100-extends-gains-as-diageo-rallies-and-oil-prices-retreat.json","category":"Investment Reports","categories":["Investment Reports"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","Wall Street","Wellington"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FTSE-100-11_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"The **FTSE 100 closed higher on Monday**, outperforming its major European counterparts as falling oil prices and easing bond yields helped support London equities.\n\nThe blue-chip index gained **37.76 points, or 0.4%, to 10,854.32**, extending Friday’s advance. The FTSE 250 was virtually unchanged at 24,717.48, while the AIM All-Share added 0.3% to 814.04.\n\nLondon’s gains contrasted with weaker European markets, where France’s CAC 40 fell 0.4% and Germany’s DAX 40 declined 0.1%.\n\nOil prices slipped despite increasingly forceful rhetoric from Washington over Iran. Brent crude traded around **$92.74 a barrel**, down from $93.53 on Friday, after US Treasury Secretary Scott Bessent declared the beginning of an “economic D-Day” against Tehran.\n\nBond markets were also somewhat calmer, with the US 10-year Treasury yield easing to **4.70% from 4.74%** and the 30-year yield falling to 5.23%.\n\nGold continued its recent rally, climbing to **$4,670.28 an ounce**, compared with $4,605.34 on Friday.\n\nAmong individual FTSE 100 stocks, **Diageo led the risers with a 3.0% gain** after RBC Capital Markets reiterated its ‘outperform’ rating and 2,000p price target. London Stock Exchange Group, Airtel Africa, Pearson and Weir were also among the strongest performers.\n\nBP headed the fallers, declining as weaker crude prices weighed on the oil major.\n\nAttention now turns firmly towards the US, with **Nvidia’s results, PCE inflation data and Federal Reserve Chair Kevin Warsh’s first Jackson Hole address** among the week’s major potential market catalysts."}