London's FTSE 100 index fell as US jobs data dimmed hopes for rate cuts and oil prices rose.

London's FTSE 100 index fell on Monday, as investor hopes for rate cuts diminished following strong US jobs data. Airlines faced pressure due to rising oil prices, while Entain's stock surged after it reaffirmed its earnings guidance. The British pound hit a 14-month low against the dollar. Although the market dropped, GSK's acquisition of IDRx for up to $1.15 billion signaled some corporate activity.

2 months ago
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