Flat Finish for FTSE 100 Amid Oil Price Surge
16 Articles
16 Articles
Flat Finish for FTSE 100 Amid Oil Price Surge
The UK's FTSE 100 index ended flat as a surge in oil prices boosted energy stocks enough to offset losses in financial and mining sectors. Renewed military exchanges between the U.S. and Iran influenced investor sentiment. Meanwhile, the midcap FTSE 250 edged slightly higher, gaining 0.1%.
Evening Standard
FTSE 100 flat as oil price rises amid Middle East tensions
The FTSE 100 closed up 1.00 point at 10,498.29.
Around 9:35 a.m. Paris time, shortly after the opening bell, the CAC 40 was down 0.30% at 8,313.74 points. On Friday, the leading French index had gained 0.15%, closing at 8,338.97 points. "With the breakdown of negotiations and the end of the truce, the war in the Middle East has now returned in full force" to the markets "as a risk factor," according to Andreas Lipkow, an analyst for CMC Markets. The US military bombed Iran again this weekend…
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How US-Iran Tensions Are Shaking Global Markets and Driving Oil Higher
TLDR Weekend military strikes between US and Iran have unsettled global markets Tech-heavy Nasdaq 100 futures tumbled 1%, while S&P 500 futures declined 0.3% Brent crude surged 3.8% approaching $79 amid fears of Hormuz Strait disruption Bitcoin dropped 1.6% to $62,943 as investors flee risky assets Critical inflation reports and major financial earnings reports scheduled this week Market futures took a hit Monday following a weekend of military…
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