Today: 29 April 2026
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LSE:ATG 2 February 2026

UK stock market today: FTSE 100 steadies as miners tumble in metals rout, BoE looms

UK stock market today: FTSE 100 steadies as miners tumble in metals rout, BoE looms

FTSE 100 edged up 0.1% by late morning as defensive shares offset sharp losses in mining stocks. Commodity prices tumbled after President Trump nominated Kevin Warsh as Fed chair, with gold down 5% and silver over 7%. FTSE 250 fell 0.4%, led by declines in Auction Technology Group and Ocado. UK manufacturing PMI rose to 51.8 in January, signaling growth.

Stock Market Today

  • Australian Stocks Dip as Inflation Hits Three-Year High, Fueling Rate Hike Concerns
    April 28, 2026, 11:39 PM EDT. Australia's stock market looks set for a seventh losing day as inflation climbs to a three-year peak of 4.6% year-on-year, driven by surging fuel prices amid the ongoing Iran conflict. The S&P/ASX 200 fell 0.12%, pressured by worries over global economic growth and expectations of an interest rate increase from the Reserve Bank, which targets 2-3% inflation but sees trimmed mean inflation steady at 3.3%. Energy sectors gained on soaring oil prices and OPEC tensions, while mining and financial stocks faced mixed performances. Concerns about the sustainability of AI investments emerged after disappointing results from OpenAI, unsettling tech-related stocks.

Latest article

AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

29 April 2026
AST SpaceMobile will hold its first-quarter update call on May 11 after winning FCC approval to deploy a 248-satellite constellation for direct-to-device service. Shares fell 6.8% Tuesday, following the loss of its BlueBird 7 satellite in a failed launch. The company expects insurance to cover the loss and is targeting 45 satellites in orbit by end-2026. Investors are watching launch progress and commercial service timing.
OpenAI Target Miss Report Sends Oracle, CoreWeave and AI Stocks Lower

OpenAI Target Miss Report Sends Oracle, CoreWeave and AI Stocks Lower

29 April 2026
Oracle shares fell 4% and CoreWeave dropped 5.9% Tuesday after a Wall Street Journal report said OpenAI missed recent revenue and user targets. Nvidia, AMD, and Arm Holdings also declined, with the iShares Semiconductor ETF down 3.7%. OpenAI denied internal divisions and said its AI coding product Codex reached 4 million users. Oracle’s credit default swaps hit a two-week high amid concern over its $300 billion cloud deal with OpenAI.
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