FTSE 100 closes 0.29% lower at 10,751.59
Published on 11/10/2026 at 22:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFTSE 100 ends lower after inflation data
- The FTSE 100 closed at 10,751.59 on Tuesday, down 31.28 points, or 0.29 percent.
- Earlier gains faded after stronger-than-expected US inflation data lifted expectations for further Federal Reserve rate increases.
- Falling oil prices supported much of the market, but energy shares and precious-metals miners weighed on the index.
- Marks and Spencer was among the leading blue-chip gainers, while Fresnillo and Endeavour Mining were among the biggest fallers.
The FTSE 100 closed lower on Tuesday, November 10, after an early advance faded following stronger-than-expected US inflation data. The index ended at 10,751.59, down 31.28 points, or 0.29 percent, according to Alliance News via Morningstar. The benchmark had traded as high as 10,868.51 during the session.
US inflation reverses early gains
Investors initially responded positively to lower oil prices and hopes that the conflict between the United States and Iran could move toward a peaceful resolution. However, the mood changed after US consumer prices rose 0.4 percent month on month in October, above the 0.3 percent consensus cited in the market report. Core inflation, excluding food and energy, held at 0.3 percent, also above expectations of 0.2 percent.
The data strengthened expectations that the Federal Reserve may raise interest rates again in December. US Treasury yields moved higher, with the 10-year yield quoted at 5.00 percent late in the London session. The stronger dollar also pressured gold prices, adding to the headwinds for London-listed mining companies.
Energy and miners weigh on benchmark
Lower crude prices were a mixed influence for the FTSE 100. They potentially reduce costs for consumers and businesses, but they also weighed on heavyweight oil producers. Brent crude stood at USD 91.74 a barrel, down from USD 94.27 late on Monday. BP fell 0.8 percent and Shell declined 2.1 percent, according to Alliance News.
Mining shares were another source of weakness. Fresnillo dropped 4.7 percent and Endeavour Mining fell 4.3 percent as gold declined to USD 4,025.90 an ounce from USD 4,116.80. Antofagasta and Glencore were also among the leading FTSE 100 fallers. Separately, Reuters reported that investors were assessing hawkish comments from Bank of England Deputy Governor Clare Lombardelli while falling gold prices weighed on miners.
Marks and Spencer leads selected gainers
Marks and Spencer was one of the strongest blue-chip performers, rising 4.1 percent after outlining the next phase of its transformation strategy at a capital markets day. The company said it intends to double its financial 2027 dividend to 8.4 pence per share from 4.2 pence, while targeting further growth in its food and clothing businesses.
The FTSE 100 is the benchmark index of the 100 most highly capitalised blue-chip companies listed on the London Stock Exchange, according to LSEG. For further FTSE 100 coverage, see the FTSE 100 topic page.
