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FTSE 100 Dips 44.98 Points (-0.44%) to 10,182.35 as Oil Falls and Treasury Yields Rise
The FTSE 100 ended the trading session lower, falling 44.98 points, or 0.44%, to close at 10,182.35. The decline came as falling oil prices and rising U.S. Treasury yields created headwinds for investors across global financial markets. The UK’s benchmark index faced pressure from energy stocks and other interest rate-sensitive sectors. Investors remained cautious as…
Brent Crude Oil (BZ=F) Climbs 2% Above $93 as WTI (CL=F) Rallies to $90 After Iran Strikes
Brent crude oil is back above $93, and the energy market is on edge. WTI traded at $90.51, up 2.06% on the session, while Brent crude climbed 2.17% to $96.34 after reports that the US military carried out strikes on southern Iran and shot down four Iranian attack drones. The Strait of Hormuz has been…
Oil Reserves Depleting as Hormuz Blockade Persists, June 10
Iran war threatens oil supplies as Strait of Hormuz blockade persists. Brent crude near $100/barrel with risk of price shock in H2 2026.
Iran War Costs UK Economy £25 Billion in Added Expenses, June 10
Iran war adds £25 billion in costs for UK and global firms as energy prices surge and supply chains face disruption.
Nikkei 225 Rebounds 2.16% on June 09 as Tech Stabilizes
Nikkei 225 gains 2.16% on June 09 after 3.85% drop. Tech stocks recover as oil prices ease and Iran-Israel tensions cool. Index at 65,410.64.
BP Shares Fall 12% to £5.46 as Oil Peace Deal Weighs, June 08
BP shares fall 12% to £5.46 on Iran peace deal expectations. JPMorgan holds 600p target; analyst consensus at 635p. CEO change supports oil focus.
NB Power’s Gas Plant Cost Revealed in Auditor Report, June 08
Auditor general reveals true cost of NB Power’s controversial gas plant. Details on utility spending and financial impact emerge.
ECB Raises Rates to 2.25% on June 12, Two More Hikes Expected by September
ECB raises rates to 2.25% in June. Inflation at 3.2% may trigger two more hikes by September, with first rate cut delayed to mid-2027.
NVDA Falls 6.2% to $205.10 as Supply Concerns Mount, June 07
NVIDIA stock fell 6.2% to $205.10 on June 07 amid energy supply concerns for AI expansion. Meyka rates it A with a $244 price target.