The FTSE 100 climbed 0.7% on Tuesday, rebounding from a 0.4% decline in the previous session, as oil prices extended their slide amid rising optimism that the US–Iran deal will hold. Among the blue-chip constituents, Rolls-Royce advanced 2.7%, while submarine contractor Babcock gained more than 2%. Major banks also traded higher, with HSBC Holdings, Lloyds Banking Group and Barclays up between 1.4% and 1.8%.
Investors are also watching a packed UK data calendar this week, with key releases on inflation, employment and retail sales due, as well as the Bank of England’s interest rate decision and the Makerfield by-election on Thursday.
