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European Market Updates

FTSE 100 Drifts Lower On Higher Oil Prices, Weak PMI Data

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

The UK stock market's benchmark index FTSE 100, which climbed into positive territory after a weak start, slipped below the flat line a few minutes before noon on Thursday.

Brent crude climbed to $107.11, gaining about 2% and stoking inflation fears amid escalating US-Iran tensions. President Donald Trump, who said negotiations were in the "final stages," threatened renewed attacks if Iran rejected his terms.

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Market Analysis

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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