Despite opening on a firm note, the UK stock market’s benchmark index FTSE 100 slipped toward the flat line by noon on Monday with the mood turning cautious as investors looked ahead to the Bank of England’s monetary policy meeting later this week.
The bright start was thanks to Iran and the U.S. reaching an agreement to end the conflict in the Middle East and reopen the Strait of Hormuz. Oil prices fell sharply, easing concerns about inflation. However, the sharp drop in oil prices took a toll of energy stocks, contributing significantly to market’s fall from higher levels.
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FTSE 100 Pares Early Gains; Mining Stocks Stay Firm
2026-06-15 11:22:58
