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European Market Updates

FTSE Drifts Lower As Miners Shed Ground

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

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

Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.