FTSE 100 closes 0.79 percent lower as oil and yields rise
Published on 10/07/2026 at 21:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The FTSE 100 closed at 10,458.50 points on October 7, 2026, down 0.79 percent, as rising oil prices and bond yields pressured financial stocks and broader market sentiment, according to Borsa Italiana.
Oil and yields pressure equities
Brent crude traded above USD 100 a barrel as concerns over Middle East supply risks supported energy prices. At the same time, UK government bond yields rose, with the 30-year gilt yield moving above 6 percent. The combination weighed on stocks, according to AJ Bell.
Reuters reported that the FTSE 100 was down 0.4 percent at 10,498.53 points by 9:48 a.m. London time, with rising oil prices and higher borrowing costs weighing on the index. Shell rose 0.7 percent after indicating that third-quarter refining margins were expected to reach a record level, while banks led the broader decline.
Banks lead the decline
Standard Chartered, HSBC, NatWest and Barclays fell as financial stocks bore the brunt of the market selloff. Prudential also declined. JD Sports Fashion advanced, while Reckitt Benckiser and Haleon gained after positive broker commentary, according to AJ Bell.
Federal Reserve minutes released
The Federal Reserve released minutes from its September 15-16 meeting at 2:00 p.m. EDT on October 7, 2026. The minutes covered the meeting at which policymakers raised the federal funds target range to 3.75 percent to 4.00 percent, according to the Federal Reserve.
The next London trading session is scheduled for Thursday, October 8, 2026, with markets assessing the impact of the higher oil price and bond-yield moves.
