Oct 2 (Reuters) - The UK's FTSE 100 rebounded on Friday, as easing oil and bond yields helped allay inflation concerns after a global bonds sell-off dented risk appetite earlier this week.
The blue-chip FTSE 100 index rose 0.28% to 10,455.34 points by 1007 GMT, but was headed for its sharpest weekly decline since April. The midcap FTSE 250 climbed 0.52% to 24,267.39 points.
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Oil prices , eased about 3% after a sharp rise a day earlier as reports about talks on additional diesel and crude stock releases eased concerns over tight global energy supplies
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Global shares rose as wild volatility in bond and currency markets eased ahead of key US jobs data, which could shape expectations for the Federal Reserve's next policy move
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Gilt yields dropped, with the benchmark 10-year gilt yield falling to 5.332% after climbing to its highest since 2007 in the previous session
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The retreat in yields helped push rate-sensitive homebuilders up 1.1% after a 5% drop a day earlier
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Still, banks continued to remain under pressure, with the index of UK lenders set for its biggest weekly drop since March
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Among stocks, IG Group tumbled 22% after the online trading platform cut its 2026 revenue growth forecast, citing weak market conditions that hurt client retention in its over-the-counter (OTC) derivatives business. Peers Plus 500 and CMC Markets declined 4.7% and 8.8%, respectively
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BAE Systems advanced about 1% after reports that the company is among the potential bidders that are in the early stages of exploring an offer for Robin Radar Systems
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Pub chain J D Wetherspoon climbed 6.9% after reporting stronger sales growth since July, aided by sunny weather, while warning of rising costs and closures
Reporting by Anand Gopal in Bengaluru; Editing by Shinjini Ganguli
Source: Reuters