After a weak start and a subsequent marginal upmove, the UK market's benchmark index FTSE 100 slipped into negative territory on Friday, weighed down by losses in mining stocks.
The mood in the market was cautious amid uncertainty about a long-term truce in the Middle East following the cancellation of the scheduled meet between U.S. and Iranian officials in Switzerland after exchange of fresh hostilities between Israel and Hezbollah. The FTSE 100 was down 35.03 points or 0.34% at 10,364.63 about half an hour past noon.
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Market Analysis
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.