FTSE 100 Joins Global Selloff
The FTSE 100 fell 1.5% on Friday, hitting a four-week low as the global equity selloff intensified following sharp losses in US and Asian markets, driven by deteriorating sentiment towards AI-related investments. Mining stocks led the declines, with Antofagasta and Glencore losing nearly 3%, while Rio Tinto dropped more than 2%. Oil majors Shell and BP also fell around 2% each. Among other heavyweight stocks, AstraZeneca declined 2.5%, British American Tobacco shed more than 2%, and Unilever and Rolls-Royce lost over 1%. On a more positive note, Rightmove upgraded its 2026 guidance for underlying earnings per share growth. Meanwhile, Lloyds’ latest house-price data showed UK property prices fell 0.6% month-on-month in October and 1.2% year-on-year, marking the steepest annual decline in three years. The FTSE 100 is now down around 1% for the week.
The FTSE 100 fell 1.5% on Friday, hitting a four-week low as the global equity selloff intensified following sharp losses in US and Asian markets, driven by deteriorating sentiment towards AI-related investments. Mining stocks led the declines, with Antofagasta and Glencore losing nearly 3%, while Rio Tinto dropped more than 2%. Oil majors Shell and BP also fell around 2% each. Among other heavyweight stocks, AstraZeneca declined 2.5%, British American Tobacco shed more than 2%, and Unilever and Rolls-Royce lost over 1%.
On a more positive note, Rightmove upgraded its 2026 guidance for underlying earnings per share growth. Meanwhile, Lloyds’ latest house-price data showed UK property prices fell 0.6% month-on-month in October and 1.2% year-on-year, marking the steepest annual decline in three years. The FTSE 100 is now down around 1% for the week.