{"id":141676,"title":"FTSE 100 Jumps 1.1% as Oil and Bond Yields Ease","publisher":"Share Talk","author":"sharetalk","published":"2026-10-09T16:19:30+00:00","modified":"2026-10-09T16:19:30+00:00","canonical_url":"https://www.share-talk.com/ftse-100-jumps-1-1-as-oil-and-bond-yields-ease/","markdown_url":"https://www.share-talk.com/ftse-100-jumps-1-1-as-oil-and-bond-yields-ease.md","json_url":"https://www.share-talk.com/ftse-100-jumps-1-1-as-oil-and-bond-yields-ease.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","US Gulf of Mexico","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/2b8233c2-f393-4aa1-94f6-e315dd3bb56d.png?fit=1727%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"**The FTSE 100 closed 1.06% higher at 10,552.05 on Friday**, while the **FTSE 250** gained 1.13% to 24,213.78.\n\nThe rebound followed a volatile week dominated by oil prices, inflation concerns and rising government borrowing costs.\n\nSentiment improved after **US President Donald Trump said Washington would not attack Iran before the 3 November midterm elections**, while describing talks with Tehran as productive.\n\nIranian Foreign Minister **Abbas Araqchi** said Tehran was reviewing a US response to its proposal concerning the Strait of Hormuz and expected to reply within days.\n\nThe diplomatic signals helped pull Brent crude back from Thursday’s surge above $104 a barrel, easing some of the immediate inflation pressure on markets.\n\nUK gilt yields also retreated from the multi-decade highs reached earlier in the week, providing additional support to equity valuations.\n\nAmong individual stocks, **Airtel Africa fell 6.2%** following the London debut of its mobile-money subsidiary.\n\nAirtel Money was priced at **£1.96 per share**, valuing the business at around $7 billion, and raised approximately **$703 million for selling shareholders**. Airtel Africa did not sell shares in the offering and remains the majority shareholder.\n\nAirtel Africa’s decline also reflected broader weakness across telecom stocks after SpaceX agreed to acquire a nationwide portfolio of US low-band spectrum licences, strengthening its plans for **Starlink Mobile**.\n\n**Weir Group rose 3.9%** after Moody’s affirmed its Baa3 long-term issuer rating and moved the outlook to stable from positive.\n\nThe ratings agency said an upgrade could prove difficult unless Weir demonstrates further improvement in leverage and cash-flow metrics.\n\n**Shell gained 0.4%** after agreeing to acquire a **30% interest in Equinor’s Bay du Nord offshore oil project in Canada**.\n\nEquinor will retain a 70% stake and remain operator, with the partners working towards a potential final investment decision in **early 2027**.\n\nAttention now turns to next week’s UK economic data, including **BRC retail sales figures, August GDP, industrial production and manufacturing output**.\n\nFor investors, Friday’s recovery reflects a reduction in two of the week’s biggest risks: **oil has eased and bond yields have pulled back**.\n\nHowever, Brent remains above $100 and Middle East tensions are unresolved, meaning energy prices and borrowing costs are likely to remain important drivers of UK equities next week."}