Jamie Chisholm is a markets reporter based in London.
London’s FTSE 100 UK:UKX was an outperformer across European bourses Monday, as a fresh Middle East conflagration boosted the price of oil and lifted energy stocks.
Richard Hunter, head of markets at Interactive Investor, said that against this backdrop, the FTSE100 was seeing the benefit of its defensive, established constituents providing something of a haven compared to its European counterparts. Shares in airlines suffered, however, with International Consolidated Airlines IAG, -4.86%, whose brands include British Airways, easyJet EZJ, -4.54% and Wizz Air WIZZ, -4.45% all lower as some flights to the region were cancelled.
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