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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The FTSE 100 surged past 10,400 points as Brent crude fell below $90 per barrel amid geopolitical optimism, despite data showing a 0.1% UK economic contraction in April. Financial and industrial stocks led gains as easing oil prices boosted market risk appetite, though the index later saw a slight dip to 10,476. Additionally, UK inflation held steady at 2.8%, lowering expectations for imminent Bank of England interest rate hikes.