FTSE 100 Falls 0.8% as Tech Sell-Off and Oman Ship Attack Weigh

GeopoliticsMacro
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Summary · why it matters

The FTSE 100 fell 0.8 percent to 10,450 on Friday, reversing a 0.7 percent gain from the previous session, as a global technology sell-off intensified and a container ship was attacked near the coast of Oman, forcing a pause on evacuations of stranded seafarers. BP shares dropped nearly 2 percent and Shell fell more than 1 percent as Brent crude and WTI crude prices retreated to levels last seen in late February on easing supply concerns. British American Tobacco rallied 2 percent after announcing plans to launch another share buyback program during the closed period ahead of its July 30 half-year results. Mining giant BHP fell more than 1 percent after announcing updates to its executive leadership team.

Impact on stocks 5

Energy Transition & Power Demand▼ · 2 stocks
BP PLC
BP
▼ NegativeSupplyrelevance

Oil prices fell on easing supply concerns, dragging BP shares down.

Shell plc
SHEL
▼ NegativeSupplyrelevance

Oil prices fell on easing supply concerns, dragging Shell shares down.

Consumer Staples▲ · 1 stocks
Critical Materials & Supply Chain▼ · 1 stocks
BHP Group Limited
BHP
▼ NegativeCapitalrelevance

Announced updates to executive leadership team, causing uncertainty.

Cloud & Digital Infrastructure▲ · 1 stocks

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