April 9 (Reuters) - The main UK stock indexes eased on Thursday after recording their strongest session in months a day earlier, as oil prices rebounded on growing doubts over a fragile ceasefire in the Middle East conflict.
The blue-chip FTSE 100 dipped 0.3% by 0927 GMT, while the midcap FTSE 250 slipped 1.1%.
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The FTSE 350 energy index climbed 1% as oil prices , jumped almost 3% on concerns that energy flows through the crucial Strait of Hormuz will remain restricted.
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Viability of the ceasefire is in question amid continued Israeli strikes on Lebanon, causing Iran to suggest it would be "unreasonable" to proceed with talks to forge a permanent peace deal.
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The FTSE 100 recorded its biggest percentage gain in a year on Wednesday after the two-week ceasefire deal between the U.S. and Iran.
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Rate-sensitive homebuilders came under pressure as bond yields edged higher. Two-year gilt yield , which reflects near-term rate expectations, rose to 4.25% after its largest one-day fall since March 2023.
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Traders were betting on 40 basis points of rate hikes from the Bank of England by the end of this year, compared to 32 bps on Wednesday.
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Britain's housing market cooled noticeably last month as economic uncertainty stemming from the Iran war unnerved buyers who face rising mortgage rates, a survey from the Royal Institution of Chartered Surveyors showed.
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Ceres Power Holdings fell 7.7% after brokerage Peel Hunt downgraded the clean energy technology developer's stock to "sell" from "hold."
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ME Group International climbed 3.7% after the vending machine operator secured a partnership with retailer ASDA to install Wash.ME laundry machines.
Reporting by Sruthi Shankar in Bengaluru; Editing by Sahal Muhammed
Source: Reuters