FTSE 100 opens flat as Prudential reports profit growth, Halfords lifts its outlook and Brent crude falls on easing supply concerns.
Market Overview
The FTSE 100 opened broadly unchanged at 10,788.16, edging up less than 0.01 per cent from its previous close as easing concerns around Middle East oil supplies weighed on energy shares. Across Europe, the Euronext 100 gained 0.02 per cent and Germany’s DAX rose 0.05 per cent as investors assessed the outlook for artificial intelligence demand following Nvidia’s results. In the US, the Nasdaq closed lower at 26,130.20 and the S&P 500 slipped to 7,675.70.
Commodity markets were mixed, with copper, gold and natural gas moving higher while Brent crude declined as expectations for talks to ease Middle East supply disruption reduced some of the recent risk premium. Against sterling, the US dollar, Swiss franc, Japanese yen and Australian dollar weakened marginally, while the euro strengthened slightly. Bitcoin also moved lower against sterling.
Market Numbers
FTSE 100: Up (0.001%), 10,788.16
Euronext 100: Up (0.02%), 1,937.45
DAX: Up (0.05%), 26,299.84
NASDAQ: Down, 26,130.20
S&P 500: Down, 7,675.70
In the Headlines
Profit growth – Prudential (LSE:PRU)
Prudential reported stronger first-half profit alongside increased shareholder returns. The improvement highlights continued earnings momentum at the insurance group and its capacity to return more capital to shareholders.
Outlook upgrade – Halfords (LSE:HFD)
Halfords raised its FY27 profit outlook following strong summer trading. The upgrade points to stronger-than-expected momentum across the motoring and cycling products and services group as it enters the remainder of the financial year.
Currencies (vs GBP)
USD: Down (0.00%), $1.3597
CHF: Down (0.01%), Fr.1.0946
EUR: Up (0.01%), €1.1665
JPY: Down (0.00%), ¥216.5145
AUD: Down (0.00%), $1.8934
Bitcoin (BTC/GBP): Unchanged, £58,210.00
Commodities
Copper: Up
Gold: Up
Brent Crude: Down
Natural Gas: Up
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