Today: 20 March 2026
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LSE:TCAP 27 February 2026 - 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.
Oil prices jump on Iran deal jitters as Brent nears $73; OPEC+ meeting next

Oil prices jump on Iran deal jitters as Brent nears $73; OPEC+ meeting next

Crude oil prices climbed Friday, with WTI up 2.2% at $66.66 a barrel and Brent at $72.43, after the U.S. military moved forces into the Middle East. Traders cited supply risks from U.S.-Iran tensions and awaited Sunday’s OPEC+ meeting. Analysts noted a $4–$10 risk premium in prices, despite forecasts of oversupply later in 2026. Abu Dhabi and Saudi Arabia increased exports to buffer the market.

Stock Market Today

  • Super Micro Computer shares plunge 12% after DOJ indicts company officials over export violations
    March 19, 2026, 11:41 PM EDT. Super Micro Computer's stock plunged 12% in after-hours trading following the U.S. Justice Department's charges against three company officials, including a co-founder. Prosecutors allege these individuals conspired to illegally export NVIDIA AI technology to China, violating U.S. export control laws. The stock fell from $30.79 to $27.14 per share. The Nasdaq-listed company clarified it is not charged, emphasizing its ongoing cooperation and robust compliance program. Two accused officials have been placed on administrative leave, while one remains a fugitive. The indictment marks a serious regulatory crackdown on illegal AI tech exports, sparking investor concern and sharp sell-offs for Super Micro Computer shares.
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