FTSE 100 reels from worst week in a year as oil shock hits London stocks
London shares took their hardest weekly knock in nearly a year, rattled by climbing oil prices and more signs of strain in the U.S. economy that shook confidence at the London Stock Exchange. On Friday, the FTSE 100 shed 1.2%, while the mid-cap FTSE 250 dipped 0.8%. Both indexes just chalked up their roughest week since the sharp drop last April, when U.S. “Liberation Day” tariffs set off a global selloff, according to Reuters. This shift hit traders who’d been counting on rate cuts to prop up valuations, but the oil jump has thrown that calculus off. With energy prices rising, inflation risks get stickier—leaving central banks on edge, particularly in the UK, where fuel and household expenses spark political nerves.
