Business · Markets · 2 days ago
London stocks rise as lower UK bond yields support shares
London’s FTSE 100 index rose 1.05% after falling for two sessions.
The rise came as long-term UK bond yields fell and European government bond markets appeared steadier, improving investor confidence.
Bank shares, including HSBC, gained.
Mining shares also rose as prices for gold, silver and copper futures increased.
Telecom shares moved lower after SpaceX said it had obtained a US licence for spectrum used in ground-based mobile communications.
Investors were concerned that SpaceX could become a long-term competitor to Vodafone and BT, whose shares fell.
The account gives no further details about what happens next.
London’s FTSE 100 rose 1.05% on Oct. 9, ending a three-session losing streak.
The index gained 110.45 points to close at 10,552.05.
Lower UK long-term bond yields and steadier European government bond markets improved investor sentiment.
Banks and mining shares rose, while telecommunications stocks fell.
Vodafone dropped 4.8% and BT Group fell 2.3% amid concern about SpaceX entering the US mobile communications market.
- Who
- Companies listed on the FTSE 100, including banks, miners and telecommunications firms.
- What
- The FTSE 100 rebounded, gaining 110.45 points, or 1.05%, to close at 10,552.05.
- When
- Oct. 9, 2026.
- Where
- London, UK.
- Why
- Lower UK long-term bond yields and steadier European government bond markets improved investor sentiment.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
SpaceX announced it had obtained a licence to use spectrum for ground-based mobile communications in the United States.
Vodafone and BT Group shares fell as investors worried SpaceX could become a long-term competitor.
The FTSE 100 rose 1.05%, supported by lower UK long-term bond yields and steadier European bond markets.
- FTSE 100 close
- 10,552.05
- Daily change
- Up 110.45 points, or 1.05%
- Vodafone
- Down 4.8%
- BT Group
- Down 2.3%
- SpaceX announcement
- Oct. 8, 2026
Sources
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