FTSE 100 hit by worst slide in nearly a year as banks sink and oil shock spooks markets

London stocks tumbled on Tuesday, the FTSE 100 sinking 296 points—down 2.8% to 10,484.13—in its heaviest one-day fall in nearly a year. Rallying energy costs stoked inflation concerns, squashing any short-term hope for rate cuts. The FTSE 250 fared worse, losing 3.1%.

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.