FTSE sell-off eases as Iran conflict shifts rate bets

World indices at the London Stock Exchange (PA) - (PA Wire)

Stock prices in London closed lower on Monday, but the FTSE 100 steadily pared earlier losses throughout the day as investors mulled the impact of the ongoing war in the Middle East on inflation and interest rates.

The FTSE 100 index closed down 35.23 points, 0.3%, at 10,249.52. The FTSE 250 ended down 357.65 points, 1.6%, at 22,143.30, and the AIM all-share closed down 17.46 points, 2.2%, at 767.24.