The FTSE 100 index of the UK stock market remains firmly placed in positive territory around noon on Tuesday despite escalating tensions in the Middle East.
Oil prices moved up sharply after Iran launched a series of attacks on the United Arab Emirates, targeting Dubai's international airport and the Fujairah oil port.
Meanwhile, investors look ahead to the monetary policy meetings of the Bank of England (BoE), the European Central Bank (ECB) and the Federal Reserve. The Fed is scheduled to announce its policy on Wednesday, while the BoE and ECB's announcements are due on Thursday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.