London's top stock index, the FTSE 100, rebounded strongly at the beginning of the week, closing 0.55% higher, showing resilience amid sector-specific declines, particularly in defence.
BAE Systems and Rolls-Royce faced declines amidst challenges in the defence sector linked to Germany's decision to halt financing for military aid to Ukraine, highlighting risks in military investments.
Investor sentiment improved across European indexes with hopes for interest rate cuts, as evidenced by the FTSE UK rise alongside positive performances of the Cac 40 and Dax indexes.
The US dollar decreased to a seven-month low amidst rate cut expectations, prompting a rise in the GBP against the dollar, illustrating the impact of monetary policy on currency movements.
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