FTSE 100 opens steady as oil supply fears lift Brent crude, while Brave Bison raises its System1 offer and European markets soften.
Market Overview
The FTSE 100 opened broadly unchanged at 10,650.92, up 0.001 per cent from its previous close, as Middle East supply concerns supported oil-related sentiment in London. The Euronext 100 was also broadly unchanged at 1,901.60, while Germany’s DAX fell 0.26 per cent to 25,501.43 as European markets faced pressure from higher oil prices, central-bank expectations and AI-sector concerns. In the US, the Nasdaq closed higher at 26,333.04 and the S&P 500 rose to 7,656.98.
Commodity moves were mixed, with copper and gold lower while Brent crude and natural gas moved higher. Oil was supported by renewed Middle East supply concerns following further regional attacks and delays to talks over the Strait of Hormuz. Bitcoin rose against sterling. The Australian dollar strengthened marginally versus the pound, while the Swiss franc and Japanese yen weakened slightly; the US dollar was marginally stronger and the euro unchanged.
Market Numbers
FTSE 100: Up (0.001%), 10,650.92
Euronext 100: Up (0.001%), 1,901.60
DAX: Down (-0.26%), 25,501.43
NASDAQ: Up, 26,333.04
S&P 500: Up, 7,656.98
In the Headlines
Drilling moves to 2027 – Europa Oil & Gas (LSE:EOG)
Europa Oil & Gas reported cash of £2.8 million while drilling at the Barracuda prospect in Equatorial Guinea is now expected in 2027. The timetable provides investors with an updated schedule for a key exploration programme.
System1 offer increased – Brave Bison (LSE:BBSN)
Brave Bison raised its offer for System1 to 360 pence per share, increasing the proposed consideration in its pursuit of the marketing research and technology company. The revised terms put renewed focus on the takeover process and the response from System1 shareholders.
Currencies (vs GBP)
USD: Up (0.001%), $1.3526
CHF: Down (-0.001%), Fr.1.1045
EUR: Unchanged (0.001%), €1.1666
JPY: Down (-0.00%), ¥207.5155
AUD: Up (0.01%), $1.8913
Bitcoin (BTC/GBP): Up, £57,638.35
Commodities
Copper: Down
Gold: Down
Brent Crude: Up
Natural Gas: Up
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