The UK stock market's benchmark index FTSE 100 is down in negative territory a little past noon on Thursday, with energy and mining stocks sliding lower, weighed down by weak commodity prices.
Investors are also digesting the Bank of England's decision to hold interest rate, and the nation's employment data.
The mood in the market is bearish despite Iran and the U.S. signing an interim peace agreement.
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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.