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LSE:SGRO 9 March 2026

UK stock market today: FTSE 100 pares early slump as oil shock hits London shares

UK stock market today: FTSE 100 pares early slump as oil shock hits London shares

FTSE 100 closed down 0.3% and FTSE 250 fell 1.6% after Brent crude surged over 25% to $119.50 a barrel amid the U.S.-Iran war. UK gilt yields jumped as traders shifted bets toward a possible Bank of England rate hike. Sterling weakened, while energy stocks like Shell and BP rose. Homebuilders and property shares led declines, with Persimmon down 5.5%.

Stock Market Today

  • Markets Fall as Volatility Hits Yearly High, Oracle CDS Surpasses 2008 Levels
    March 29, 2026, 10:03 PM EDT. Markets slipped sharply in the week's latter half, with equities and bonds both under pressure. The VIX volatility index, a measure of market fear, surged to its highest point this year. High yield credit spreads, the difference in yield between junk bonds and US Treasuries, widened above 400 basis points. Notably, Oracle's credit default swaps (CDS), which protect against debt default, rose above levels last seen in the 2008 financial crisis, signaling heightened risk concerns in tech debt.
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