The U.K. stock market's benchmark index FTSE 100 moved up sharply on Wednesday thanks to fairly strong buying across the board amid growing optimism about a de-escalation in tensions in the Middle East. Stocks from banking, mining and travel sectors moved up sharply.
U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.