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LSE:OTB 12 March 2026

UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit

UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit

London’s FTSE 100 dropped 0.7% in early trade Thursday as Brent crude topped $100 a barrel following new Gulf shipping attacks. Travel firm On the Beach suspended its profit forecast, citing weaker holiday demand tied to Middle East conflict. Legal & General shares fell 5% after missing profit targets. TP ICAP rose 3.5% on stronger trading results.
12 March 2026
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Stock Market Today

  • Stocks Rally as Optimism Grows Over Possible End to Iran War
    April 1, 2026, 12:22 PM EDT. Stock markets rallied on Wednesday with the S&P 500 up 0.52%, Dow Jones Industrial Average rising 0.43%, and Nasdaq 100 gaining 0.68%. Gains extended Tuesday's surge amid growing optimism the Middle East conflict involving Iran could conclude soon. President Trump predicted the war might end within two to three weeks and said Iran had requested a ceasefire, contingent on reopening the strategic Strait of Hormuz. Mixed geopolitical tensions continued with ongoing US and Israeli strikes and reports of Iranian attacks on Gulf countries. Strong U.S. economic data including ADP employment and retail sales supported markets. Crude oil prices fell over 2% reflecting hopes for restored Gulf shipping routes. The market now prices a minimal chance of a Federal Reserve rate hike in late April. International indexes also climbed, led by Japan's Nikkei gaining 5.24%.
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