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The average rate on a 30-year fixed-mortgage inched higher by 4bps from the previous week to 6.52% on the second week of June, according to data compiled by Freddie Mac. The result was one basis point away from the nine-month high from two weeks prior amid the increase in long-term Treasury yields over the period. The prolonged conflict between the US and Iran maintained the blockade of energy exports from the region, lifting US inflation to drive rate traders to position for a Federal Reserve hike this year.

US 30-Year Mortgage Rate Approaches 9-Month High

The FTSE 100 rose 0.4% on Thursday, extending the previous session’s 0.3% gain, supported by strength in financial and mining stocks. HSBC Holdings advanced more than 2%, while Lloyds Banking and Barclays gained around 0.7% each. Standard Chartered climbed nearly 3.6% and NatWest also moved higher. Mining shares also contributed, with Rio Tinto rising about 1.6%, Glencore up 1.9%, Anglo American adding around 2.5%, and Antofagasta and Fresnillo gaining more than 1%. Intertek shares increased more than 1.5% after the testing and inspection group extended the deadline for potential bidders to submit final offers to June 18. In contrast, Halma fell nearly 16% despite reporting higher annual profits and a strong start to the new financial year. Elsewhere, Wizz Air posted profit growth slightly ahead of expectations despite disruption to Middle East routes. Frasers Group also made a €2 billion offer to acquire the remaining stake in Hugo Boss, offering €38 per share.

FTSE 100 Rises on Thursday

The FTSE MIB Index went up by 476 points or 0.95 percent on Thursday to close at 50505 points. The rise was led by STMicroelectronics (5.98%), Saipem (5.47%) and Prysmian (5.19%). On the downside, the weakerst performers were Diasorin (-2.25%), Infrastrutture Wire (-1.73%) and Davide Campari-Milano (-1.09%).

The FTSE MIB Index Closes 0.95% Higher

The DAX Index rose 14 points or 0.06 percent on Thursday to close at 24210 points. Leading the gains are Siemens Energy (6.00%), RWE (3.38%) and Infineon (2.74%). Top losers were SAP (-6.53%), Deutsche Telekom (-3.11%) and Siemens Healthineers (-2.05%).

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