LONDON — Britain's FTSE 100 index climbed 38.53 points, or 0.36%, to 10,647.45 as of late morning Friday, offering a modest reprieve for London-listed shares after five consecutive sessions of losses driven by surging oil prices and rising global bond yields.

The index traded within a range of 10,602.13 to 10,647.98 during the session, according to live market data, recovering from Thursday's close of 10,608.92, which had marked the FTSE 100's lowest level since the beginning of August. Thursday's session alone saw the index decline 0.57%, extending a losing streak that had persisted across the entire trading week amid a broader deterioration in global market sentiment.

According to Sunday Guardian Live's market forecast ahead of Friday's session, the FTSE 100 was expected to open modestly higher following the prior five-day decline, though analysts cautioned that any recovery was likely to remain limited given continued pressure from soaring oil prices, elevated global bond yields and rising interest rate expectations weighing on the broader market environment. The FTSE 250, London's mid-cap index, had fallen 0.92% during Thursday's session, reflecting even sharper losses among smaller and mid-sized UK companies during the week's broader selloff.

The primary driver behind the week's sustained weakness has been a dramatic increase in global oil prices tied to escalating conflict in the Middle East, with the resulting inflation concerns feeding directly into higher bond yields and........

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