As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs that Europe's financially weaker carriers may be headed for a shakeout.
London's FTSE 100 slipped on Wednesday as investors remained cautious over escalating tensions in the Middle East. Losses in precious metals miners outweighed gains in energy stocks, which benefited from a rise in oil prices.
The UK's main stock indexes traded lower on Tuesday as escalating tensions between the United States and Iran dampened investor sentiment. Losses in financial and travel stocks outweighed gains in the energy sector, where oil major BP advanced after indicating that higher oil prices and stronger trading performance would support its second-quarter earnings.
London's major stock indexes fell more than 1% on Wednesday after US President Donald Trump said an initial agreement to end the war on Iran was over, reviving investor concerns about escalating tensions in the Middle East and the possibility of higher oil prices. The benchmark FTSE 100 dropped 1.3% to 10,519.17 points by 1111 GMT.
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London's benchmark stock indexes fell to more than one-week lows on Tuesday, pressured by global market weakness, rising expectations of interest rate hikes, and renewed political uncertainty in Britain after Prime Minister Keir Starmer's resignation. The blue-chip FTSE 100 dropped 0.7% by 0919 GMT to its lowest level since June 12, while the domestically focused FTSE 250 declined 1.8%, hitting its weakest point since June 10.
Starmer's resignation rattles sterling and gilts, prompting investors to reassess UK ETF exposure amid political uncertainty.
Temperatures in Britain are expected to smash records for June later this week, prompting authorities to issue a rare extreme heat warning, as a heatwave hitting western Europe spread north across the English Channel.
Britain's main stock indexes moved lower on Thursday, weighed down by losses in financial and materials stocks as investors awaited the Bank of England's interest rate decision and continued to assess the US Federal Reserve's policy outlook. The Bank of England is widely expected to leave interest rates unchanged at 3.75% later in the day.
The unemployment rate unexpectedly inched down while wage growth remained flat, ahead of a BOE meeting in which it is expected to keep interest rates on hold.
London's FTSE 100 rose on Tuesday, with financials and industrials leading gains, as easing oil prices supported risk appetite.