UK Stock Market Today (August 18): Why is the UK Stock Market Down Today? FTSE 100 Struggles After Six-Day Fall as Oil Rises Above $91 - Check Top Gainers & Losers
India, Aug. 18 -- UK Stock Market Today (August 18): The UK stock market remained under pressure on Tuesday, August 18, after the FTSE 100 suffered its sixth straight decline in the previous session. Rising crude oil prices, renewed uncertainty over the US-Iran conflict and concerns about the impact of higher energy costs kept investors cautious. The FTSE 100 closed Monday at 10,720.30, down 0.28%.
The latest trading session has remained relatively subdued, with FTSE 100 futures pointing to a broadly flat opening before London shares moved around the flat line. Brent crude climbed above $91 a barrel as hopes for a quick US-Iran diplomatic breakthrough weakened.
UK Stock Market Today (August 18): Why is the UK Stock Market Down Today?
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