FTSE 100 Live: Stocks jittery after bound rout hits global markets
Welcome back to City AM‘s FTSE 100 liveblog. Markets have been left on edge after the price of oil spiked this week leading to a global bond sell-off. The UK’s 10-year gilt yield rose ten basis point yesterday before giving up some gains to settle seven basis points higher at 5.45 per cent in a blow to [...]
Welcome to City AM's FTSE 100 liveblog, where markets remain on high alert following the recent surge in oil prices. The UK's 10-year gilt yield surged by ten basis points before settling at 5.45 percent, causing concern over the government's borrowing costs. Meanwhile, global markets have been rattled by the sharp rise in Brent crude, which reached over $102 per barrel.
This followed reports that the Trump administration had authorized the Pentagon to devise strike options against Iran, potentially before the midterm elections. Throughout the day, we will provide the latest updates from the London Stock Exchange and the broader business landscape. Here are some of our most recent headlines: Money market funds are gaining popularity as investors navigate market instability; Virgin Media O2 defends a £200m arena deal amidst price tag disputes; a breach linked to Goldman Sachs highlights a new era of stealthy data theft; former City traders' fraud convictions have been overturned; and despite recent cutbacks, the Saudi Public Investment Fund remains open to investing in sports. The liveblog has concluded.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
