FTSE 100 opens steady as European markets rise. Craneware cuts FY26 outlook, Strategic Minerals advances Redmoor, while Brent crude edges higher.
Market Overview
UK markets opened mixed, with the FTSE 100 edging slightly lower to 10,652.81, while the Euronext 100 gained 0.02 per cent to 1,921.52 and Germany’s DAX advanced 0.75 per cent to 25,772.81. Overnight, the Nasdaq closed lower at 25,832.67, while the S&P 500 finished broadly unchanged at 7,483.24. Market sentiment was supported by weaker US payroll data and easing geopolitical concerns following progress in Iran-related discussions, although investors remained cautious ahead of further economic data.
Commodity markets were mixed, with copper and Brent crude higher while gold and natural gas eased. Bitcoin rose slightly against sterling. Currency markets were largely flat versus the pound, reflecting limited movement as investors weighed improving supply expectations in the oil market alongside a softer US economic backdrop.
Market Numbers
FTSE 100: Down (-0.001%), 10,652.81
Euronext 100: Up (+0.02%), 1,921.52
DAX: Up (+0.75%), 25,772.81
NASDAQ: Down, 25,832.67
S&P 500: Up, 7,483.24
In the Headlines
FY26 Outlook Warning – Craneware (LSE:CRW)
Craneware warned that its financial performance for FY26 will fall below market expectations after delays in recognising revenue from eligible 340B drug activity and the deferral of several enterprise contracts. The company said customer demand remains strong and described the setback as a timing issue rather than a deterioration in underlying business conditions.
Cornwall Drilling Approval – Strategic Minerals (LSE:SML)
Strategic Minerals has received approval for a major drilling programme at the Redmoor tungsten, tin and copper project in Cornwall. The campaign is intended to expand the project’s resource base and marks an important step in advancing Redmoor towards future development.
Currencies (vs GBP)
USD: Unchanged (0.00%), $1.33381
CHF: Unchanged (0.00%), Fr.1.07297
EUR: Unchanged (0.00%), €1.1677
JPY: Unchanged (0.00%), ¥215.355
AUD: Unchanged (0.00%), $1.92887
Bitcoin (BTC/GBP): Up, £46,180.40
Commodities
Copper: Up
Gold: Down
Brent Crude: Up
Natural Gas: Down
Leave a Reply