The UK stock market's benchmark index FTSE 100 fell on Friday, sliding after two successive days of gains, as worries about Middle East tensions, and a lack of positive outcome from the U.S.-China summit hurt sentiment.
Investors also followed the developments on the political front where Andy Burnham moved closer to a potential bid for prime minister, with MP Josh Simons saying he would step aside for the Manchester mayor.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.