FTSE 100 UP in the defense impulse – Markets

London: Great Britain’s reference index closed more on Monday, supported by aerospace and defense actions, while some banks slid after the Supreme Court rejected a measure of the Minister of Finance, Rachel Reeves, to intervene in a Incorrect sales case of car loans.

The Blue-Chip Ftse 100 closed 0.4% higher, while the Midcap FTSE 250 more focused on the country rose 0.1%.

The Bae Systems defense company rose almost 9% to the top of the blue chip index, riding the skirts of the growing defense actions in Europe.

The United Kingdom’s aerospace and defense index led sectoral profits, increasing 4.5% when British prime minister Keir Starmer said that his country’s national security faced a generational challenge and that it was crucial for Europe to spend more In defense.

The head of the EU Executive, Ursula von der Leyen, also said that the European Commission will propose a defense exempt from the EU limits on government spending, at a time when the president of the United States, Donald Trump Trump attack.

European leaders gathered in Paris for an emergency summit in Ukraine after US officials suggested that Europe would not have any role in any next conversation aimed at ending the conflict with Russia.

Investors have a price of the probability of a greater issuance of government bonds to finance military spending, sending yields on the 2 -year reference bond of the United Kingdom to its maximum in two weeks.

The highest yields weighed in actions related to real estate, such as segro and land values, which fell 2% and 0.8% respectively. On the other hand, the banks earned 1.2%.

The lenders Close Brothers fell by 8% and Lloyds decreased 1.9%, however, after the United Kingdom Supreme Court rejected the attempt by the Minister of Finance Rachel Reeves of intervening in a case on the incorrect sale of loans of loans from cars The two are among several lenders with automatic financing companies.

Assura increased 9% after the British health property developer rejected a proposal of 1.56 billion pounds ($ 2 billion) of the retirement scheme of pension funds and pension fund universities.

The engineering firm John Wood Group fell 10.8% to a minimum record after forecasting a negative cash flow for another year in the previous session.