After three successive days of gains, the UK stock market's benchmark index FTSE 100 drifted down on Thursday as concerns about growth and inflation resurfaced after U.S. President Donald Trump threatened more strikes on Iran in the event of Tehran rejecting a deal.
Trump did not give a timeline for ending the conflict and offered no plan to reopen the Strait of Hormuz but pledged further strikes on energy facilities in the coming weeks.
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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.