London Stock Exchange falls 0.71% and bonds rebound amid government change

London's stock market experienced a downturn on Monday, with the main FTSE 100 index dropping 0.71%. The session was influenced by the United Kingdom's change in government and escalating tensions in the Middle East.

The FTSE 100 closed at 10,524.76 points, down 75.61 points. The secondary FTSE 250 index also saw a decline, falling 0.27% to 23,540.71 points.

Investors are closely watching for ministerial appointments from the new British Prime Minister, Andy Burnham, particularly the Chancellor of the Exchequer. The profile of this individual is seen as crucial for shaping the new administration's economic direction.

In the market, property developer Persimmon led the losses, shedding 3.77%, followed by its rival Barratt Redrow, which fell 3.17%. Telecommunications firm Airtel Africa also experienced a notable drop, closing 3.29% lower.

On the upside, technology company Computacenter saw a significant gain of 5.55%. Diploma Plc, a distributor of electronic products and services, rose by 1.80%, and consumer credit evaluation firm Experian's shares climbed 1.58%. The British pound remained stable against the dollar and euro, while the yield on ten-year British bonds saw a slight increase.