The UK’s FTSE 100 slipped on Monday as rising government bond yields and losses in commodity-linked stocks kept equities under pressure, while Indivior shares boosted the midcap index on a lawsuit settlement.
The commodity-focused FTSE 100 was down 0.1% as of 7:08 GMT, while the mid-cap FTSE 250 edged 0.1% higher.
Precious metal miners lost 1.0% after gold prices slipped as US dollar and Treasury yields strengthened.
Heavyweight oil and gas shares fell 0.8% as oil prices slid more than $1 on diplomatic efforts over the weekend to contain the geopolitical tensions between Israel and Hamas.
Indivior shares added 7.0% after the drugmaker said it would pay $385 million to settle a lawsuit.
FTSE 100 falls over 1% on rising yields; Rentokil Initial tumbles
The broader pharma and biotech sector added 0.4%.
Investors will be on the lookout for a slew of banks reporting results throughout the week with major lender Barclays scheduled to post results on Tuesday.
Meanwhile, across the Atlantic, investor focus would be on big tech companies reporting third-quarter results during the week, including Meta Platforms, Microsoft and Alphabet.
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