Investing.com — British stocks rose on Tuesday as NATO leaders gathered in Ankara for a two-day summit and domestic house prices delivered a stronger monthly recovery.
The was up 0.25%, recovering ground lost in Monday’s 0.3% decline as of 03:15 ET (07:15 GMT).
Germany’s fell 0.22% and France’s rose 0.58%. Sterling inched lower to 0.07% to 1.3379.
UK house prices rose for the first time in four months in June, with the House Price Index showing a 0.2% monthly gain, taking the average property price to £299,330 from £298,812 in May.
Annual growth edged up to 0.6% from 0.5%. Northern Ireland led the regions with annual growth of 7.4%, while London fell 1.1% year-on-year to £534,831.
“Mortgage rates have eased from their recent highs, offering some encouragement to those considering a move,” said Amanda Bryden, Head of Mortgages at Lloyds.
“The outlook for house prices will depend largely on inflation continuing to ease and household confidence gradually improving.”
A tanker caught fire early Tuesday in the Strait of Hormuz after being struck by a projectile, Britain’s maritime trade operations centre said, the latest attack on commercial shipping through the waterway since the start of the U.S.-Iran war.
Talks between Washington and Tehran remained paused during the multi-day funeral of slain Supreme Leader Ali Khamenei, whose body arrived in Qom on Monday ahead of burial in Mashhad on Thursday.
Speaking at the White House on Monday, U.S. President Donald Trump said the United States would win the war “one way or the other,” warning Washington could destroy Iran’s power-generating plants in the “small part of an afternoon.”
Trump departed Washington on Monday evening for Ankara, where alliance leaders meet Tuesday and Wednesday.
The summit is focused on converting last year’s pledge, to raise defence spending from 2% to 3.5% of GDP by 2035, into practical delivery, opening alongside a defence industry fair aimed at generating multibillion-dollar procurement contracts. White House officials said Trump would hold bilateral meetings with the Ukrainian and Syrian presidents on the sidelines.
rose 1.28% to $72.91 a barrel, while gained 1.20% to $69.37.
fell 0.63% to $4,141.31 an ounce, while traded at $4,129.42, down 0.84%.
UK round up
raised its second-quarter integrated gas production guidance, though it expects output to be sharply lower than in the first quarter due to the shutdown of its Pearl GTL facility in Qatar following the Ras Laffan attack.
is pulling back from riskier private credit lending and will focus on lower-risk funds, the Financial Times reported, amid growing concerns over underwriting standards.
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