Oil stocks lift London shares on first trading day of 2023

LONDON, Jan 3 — UK’s exporter-heavy FTSE 100 jumped 1.4 per cent today, marking a strong start to the New Year, as energy stocks rallied and investors waited for manufacturing data due later in the day.

The more domestically-focused FTSE 250 midcaps rose 1.1 per cent, while the broader pan-European STOXX 600 gained 0.7 per cent. Markets were also watching for UK manufacturing PMI data for the month of December, which is expected to have held steady year-on-year.

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