FTSE 100 Live: Stocks to drop after Asia ends in green; oil falls under $110
Welcome to City AM‘s FTSE 100 liveblog. It’s a new week in the City and global markets are gearing up for a chain of big events. Chief among them is the US midterms, which could have a major impact on the ongoing conflict in the Middle East that has sent the price of oil soaring. [...]
The FTSE 100 experienced a decline in stocks after Asian markets concluded their trading sessions on a positive note. Oil prices dropped beneath the $110 per barrel threshold on Monday morning, as gains from the previous week were wiped out following reports of potential military action against Iran by President Trump. Despite some volatility in tech markets due to concerns about an AI bubble, Asian shares largely rose overnight.
Meanwhile, the United Kingdom prepares for another Bank of England meeting, where an interest rate hike is anticipated by the monetary policy committee.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
