FTSE 100 Set to Edge Lower as Oil Nears $88 on Iran Tensions
FTSE 100 Set to Edge Lower as Oil Nears $88 on Iran Tensions
The FTSE 100 closed 38.59 points lower, down 0.4% at 10,862.50 on Monday as rising oil prices and fading hopes of progress in US-Iran negotiations weighed on sentiment.
The FTSE 100 is set to open lower on Monday as renewed uncertainty over the Strait of Hormuz weighs on sentiment after Iran ruled out reopening the key shipping route
The FTSE 100 closed higher on Friday, rounding off a positive week for London equities as unexpectedly weak US employment data reduced expectations for further Federal Reserve interest rate increases.
The FTSE 100 is expected to open marginally lower on Friday as investors weigh fresh US trade measures, rising oil prices and the prospect of market-moving US employment data later
The FTSE 100 edged lower on Thursday despite a strong batch of corporate earnings, while the FTSE 250 reached a record closing high, supported by sharp gains in WPP and
London stocks are expected to edge higher on Thursday as investors monitor developments surrounding the Strait of Hormuz while digesting another busy day of corporate earnings.
The FTSE 100 closed modestly higher on Wednesday as strong gains from Next and mining stocks outweighed weakness in Asia-focused financial companies.
London stocks are expected to open higher on Wednesday as optimism over a potential agreement between the US and Iran to reopen the Strait of Hormuz boosted investor confidence and
The FTSE 100 edged higher on Tuesday as optimism over renewed Middle East diplomacy pushed oil prices lower, offsetting weakness in the energy sector and boosting mining stocks.
London stocks are expected to open higher on Tuesday as investors weigh renewed US-Iran diplomatic developments alongside another strong set of banking results from HSBC.
The FTSE 100 is expected to open higher on Monday, buoyed by renewed hopes for US-Iran diplomacy and a sharp fall in oil prices.