FTSE 100 Halts 3-Day Gain
The FTSE 100 fell on Monday, ending a three-session winning streak, as losses in heavyweight energy stocks weighed on the index. BP declined more than 1%, while Shell also traded lower, tracking a pullback in oil prices. Brent crude fell more than 3% to below $110 a barrel after reports that US President Donald Trump wanted to give diplomacy with Iran more time before considering further military action following Tuesday’s US midterm elections. Iran said that an exchange of messages was ongoing, helping ease concerns about an immediate escalation. Elsewhere, HSBC Holdings lost around 1%, while AstraZeneca and GSK also declined by more than 1%. Rio Tinto was among the gainers, rising almost 1%. Investors were also positioning ahead of the Bank of England’s policy decision on Thursday, with markets widely expecting the first interest rate increase since 2023. The anticipated move reflects mounting inflationary pressures linked to the Iran war and signs of resilience in the UK economy.
The FTSE 100 fell on Monday, ending a three-session winning streak, as losses in heavyweight energy stocks weighed on the index. BP declined more than 1%, while Shell also traded lower, tracking a pullback in oil prices. Brent crude fell more than 3% to below $110 a barrel after reports that US President Donald Trump wanted to give diplomacy with Iran more time before considering further military action following Tuesday’s US midterm elections. Iran said that an exchange of messages was ongoing, helping ease concerns about an immediate escalation.
Elsewhere, HSBC Holdings lost around 1%, while AstraZeneca and GSK also declined by more than 1%. Rio Tinto was among the gainers, rising almost 1%. Investors were also positioning ahead of the Bank of England’s policy decision on Thursday, with markets widely expecting the first interest rate increase since 2023. The anticipated move reflects mounting inflationary pressures linked to the Iran war and signs of resilience in the UK economy.