Why Is UK Stock Market Down Today? FTSE 100, FTSE 250 and FTSE All-Share Fall as Oil Tops $104 and Gilt Yields Rise; What Investors Should Know
India, Oct. 8 -- UK Stock Market Today (October 8): UK equities have seen a decline on Thursday, October 8, after the increase in oil prices, UK government bond yields, and tension in the Middle East caused investors to sell off their shares, putting pressure on both FTSE 100 and FTSE 250 indices.
10 a.m. BST, FTSE 100 had lost 0.39 percent to stand at 10,418.10, while FTSE 250 had shed 0.59 percent to stand at 23,894.16, as per market data. Brent crude oil stood at $104 per barrel, having gained close to 4 percent.
Why Is the UK Stock Market Down Today? FTSE 100 Open Lower
The biggest threat to London shares emanates from the escalating oil prices and bond yields. The Brent crude rose to over $104 per barrel, driven by the fears of di...
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