The UK stock market's FTSE 100 climbed higher on Friday, extending gains to a third straight session, amid rising optimism about Iran and the U.S. reaching a peace deal. Sharply lower oil prices helped as well in lifting the sentiment.
Data showing a contraction in UK's gross domestic product growth did not any significantly hurt the mood.
Middle East tensions eased following U.S. President Donald Trump calling off his planned attacks on Iran.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.