{
  "id": 18510480,
  "title": "FTSE 100 falls to near one-month low as global tech rout deepens",
  "url": "https://urgent.news/2026/11/06/ftse-100-falls-to-near-one-month-low-as-global-tech-rout-deepens",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T14:12:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/ftse-100-today-stocks-slump-as-global-tech-rout-deepens-5006735"
  },
  "original_language": "en",
  "account": "The FTSE 100 stock index experienced a significant decline on Friday, reaching a near one-month low as a global tech rout intensified due to concerns over AI investment following the U.S. midterms. The sharp downturn erased most of the week's gains, with the index falling 2.2%, nearly breaking its previous record high set just 24 hours earlier. This marked the largest daily loss since March, setting the stage for a weekly decline of approximately 1.7%.\n\nThe downturn intensified as the sovereign debt market shifted back into reverse, following a surprise increase in U.S. non-farm payrolls by 165,000 in October, surpassing market expectations of 65,000. The national unemployment rate also dipped to 4.1%, a positive sign that surpassed forecasts of steady 4.2%. The Bank of England raised interest rates to 4% on Thursday, anticipating further hikes, with a 50% probability by December, according to ING, and potentially by February if energy prices surge again. Analysts, including Jefferies, differ on the timing, with some expecting a December hike, while others remain skeptical.\n\nMeanwhile, geopolitical tensions escalated with discussions between Qatar's emir and former U.S. President Donald Trump, aiming for a comprehensive agreement. Iran's army spokesman warned Tehran would target U.S. assets without regard to geographic limits if provoked, and the country would only reopen the Strait of Hormuz under specific conditions. Iran proposed a nuclear deal through Qatar, but negotiations remain far apart. Iran's Mohsen Rezaei met with Russian President Vladimir Putin, who pledged to ease tensions. UK house prices dropped 0.6% in October due to high borrowing costs, with London prices decreasing 3.1% year-on-year and mortgage approvals falling 19.4% over the same period. Lloyds forecasts subdued conditions in the near term but anticipates no sustained decline. Mortgage and property sector expectations foresee weaker first-half growth in 2027, contingent on a potential recovery in the second half driven by subdued sales and higher mortgage rates.",
  "summary": null,
  "key_points": [
    "FTSE 100 drops 2.2% to near one-month low",
    "U.S. midterms fuel AI investment concerns",
    "Bank of England raises interest rates to 4%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}