FX.co ★ FTSE 100 Trades Higher on Thursday

The FTSE 100 experienced a 0.5% rise on Thursday, rebounding from minor losses in the previous session and surpassing the performance of other major European indices. This uptick was largely fueled by gains in the defense, mining, and energy sectors. BAE Systems saw an impressive nearly 3% surge, while Fresnillo increased by over 2%. Meanwhile, oil majors BP and Shell posted gains of 1.6% and 0.9%, respectively. British American Tobacco, Unilever, and HSBC were among other significant gainers. Compass Group saw an upward trajectory after Deutsche Bank elevated its rating to “buy,” further boosting its shares. Market participants are also anticipating key UK economic reports, with GDP figures expected on Friday, followed by data on inflation and the Bank of England's forthcoming rate decision next week. On a global scale, the focus rests on the upcoming US Consumer Price Index release and the European Central Bank's policy announcement.