--- title: "FTSE 100 Outperforms Europe as Oil Majors Rise" publisher: "Share Talk" author: "sharetalk" published: "2026-10-05T13:52:15+00:00" modified: "2026-10-05T13:52:15+00:00" date: 2026-10-05 canonical: "https://www.share-talk.com/ftse-100-outperforms-europe-as-oil-majors-rise/" category: "Blogs" categories: ["Blogs", "Technology", "Technology, Media & Telecoms"] tags: ["Asia", "Bangkok", "Denmark", "Endeavour Mining", "Fed", "Federal Reserve", "Finland", "FRANCE", "FTSE 100", "GERMANY", "Glencore", "Greenland plan", "Hong kong", "Japan", "London", "Manila", "mining stocks", "Mumbai", "Nasdaq Composite", "NATO alliance", "Netherlands", "Nikkei 225", "Norway", "S&P 500", "shanghai", "Singapore", "Sweden", "Sydney", "Taiwan", "UK", "United States", "Wall Street"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/FTSE-100.jpg?fit=1200%2C800&ssl=1" format: "news" language: "en-GB" --- # FTSE 100 Outperforms Europe as Oil Majors Rise **Published:** October 5, 2026 **Author:** sharetalk **Categories:** Blogs, Technology, Technology, Media & Telecoms **Tags:** Asia, Bangkok, Denmark, Endeavour Mining, Fed, Federal Reserve, Finland, FRANCE, FTSE 100, GERMANY, Glencore, Greenland plan, Hong kong, Japan, London, Manila, mining stocks, Mumbai, Nasdaq Composite, NATO alliance, Netherlands, Nikkei 225, Norway, S&P 500, shanghai, Singapore, Sweden, Sydney, Taiwan, UK, United States, Wall Street **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/FTSE-100.jpg?fit=1200%2C800&ssl=1) --- **The FTSE 100 rose 27.96 points, or 0.3%, to 10,489.91 on Monday**, outperforming most major European markets as higher oil prices supported heavyweight energy shares. The more domestically focused **FTSE 250 fell 0.39% to 24,099.40**, while the **AIM All-Share slipped 0.40% to 780.65.** The euro weakened to around **$1.1204**, having earlier fallen to its lowest level since May 2025. Friday’s weaker US employment report continued to support equity sentiment by reducing expectations of another near-term Federal Reserve rate increase. However, US government borrowing costs remained elevated, with the **10-year Treasury yield around 5.29%** and the 30-year yield near 5.64%. Energy remained one of the strongest areas of the London market. **Brent crude climbed to around $102.72 a barrel from $100.50 late on Friday**, keeping inflation and energy-supply risks firmly in focus. The rise supported **Shell, up around 1%, and BP, up 0.8%**. Saudi Aramco chief executive **Amin Nasser** warned that global oil inventories remained unusually thin following recent supply disruption, reinforcing concern over the resilience of the market. **Ithaca Energy rose around 3.8%** after agreeing to acquire offshore Canadian assets from Suncor Energy. The deal includes an upfront payment of approximately **US$860 million**, with additional contingent consideration linked to future oil prices, and marks Ithaca’s first expansion outside the UK North Sea. Reuters reported the acquired portfolio includes interests in Terra Nova, White Rose and West White Rose. **BT Group shares gained around 1.8%** after completing its rescue acquisition of TalkTalk and PlatformX Communications from administration. The UK government subsequently issued a **Public Interest Intervention Notice**, requiring the Competition and Markets Authority to assess both competition and broader public-interest concerns. The CMA has until **19 October 2026** to report to Culture Secretary Lisa Nandy. BT expects the transaction to have an approximately **£400 million cash impact in its 2027 financial year**, including consideration and associated cash effects. Elsewhere, **EnSilica jumped around 13%** after swinging to a £2.2 million pretax profit from a £3.5 million loss, while revenue increased to £27.8 million from £18.2 million. In continental Europe, **Schneider Electric fell more than 9%** after agreeing to acquire US software group PTC for **$205 per share**, valuing the equity at approximately $22.6 billion. Spanish markets were also in focus after Prime Minister **Pedro Sánchez called an early general election for 29 November**, following parliamentary rejection of housing measures proposed by his government. For investors, the London market is currently benefiting from its heavy weighting towards **oil and resource companies**, which is helping the FTSE 100 outperform weaker continental peers. The broader risk remains that **oil above $100 and government bond yields above 5% keep inflation expectations and financing costs elevated**, limiting the benefit from softer US economic data. **Investor takeaway:*** The FTSE 100 was outperforming European peers on Monday as oil majors benefited from Brent crude above $102 a barrel, while French fiscal concerns weighed on the euro and Paris-listed shares. The relief from Friday’s weak US jobs report has reduced near-term Fed tightening fears, but government bond yields remain elevated.* --- **Original URL:** https://www.share-talk.com/ftse-100-outperforms-europe-as-oil-majors-rise/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*