The FTSE 100 index closed up 0.3% in the last session, reaching 10,474.31 points, primarily driven by easing geopolitical tensions and a retreat in oil prices, alongside strong corporate earnings in the US. This rise occurred despite mixed economic data, including the UK private sector slipping into contraction, while central bank expectations remained varied with the Bank of England not expected to rush into interest rate hikes.

The FTSE 250 index closed higher in the last session, rising 0.95% to 23,165.34 points from its previous close of 22,947.90 points. This positive movement was primarily driven by easing UK inflation data, which reduced expectations of aggressive interest rate hikes, alongside progress in US-Iran diplomatic talks that lowered oil prices. Broader global market momentum, particularly in technology and AI stocks, also contributed to the mid-cap index's gains.