FTSE 100 Starts Week Lower

2026-06-01 07:38 By Agna Gabriel 1 min. read

The FTSE 100 traded lower on Monday as investors monitored developments in the Middle East after the US and Iran exchanged messages over the weekend regarding a draft agreement to extend the ceasefire and reopen the Strait of Hormuz.

Sentiment was also affected by reports that Israel expanded its ground operations in Lebanon, undermining a previous truce.

Mining stocks were among the biggest decliners, with Fresnillo and Endeavour Mining down nearly 3%.

Defence names also retreated, with BAE Systems falling more than 2%, Babcock down 1.8% and Rolls Royce losing 1.7%.

In contrast, oil majors Shell and BP gained 1.1% and 0.8% respectively.

EasyJet surged more than 10% after responding to reports of takeover interest from Castlelake, stating it had not received any proposal.

Meanwhile, Nationwide reported that UK house prices fell 0.6% in May, marking the largest monthly decline since June 2025.



News Stream
FTSE 100 Starts Week Lower
The FTSE 100 traded lower on Monday as investors monitored developments in the Middle East after the US and Iran exchanged messages over the weekend regarding a draft agreement to extend the ceasefire and reopen the Strait of Hormuz. Sentiment was also affected by reports that Israel expanded its ground operations in Lebanon, undermining a previous truce. Mining stocks were among the biggest decliners, with Fresnillo and Endeavour Mining down nearly 3%. Defence names also retreated, with BAE Systems falling more than 2%, Babcock down 1.8% and Rolls Royce losing 1.7%. In contrast, oil majors Shell and BP gained 1.1% and 0.8% respectively. EasyJet surged more than 10% after responding to reports of takeover interest from Castlelake, stating it had not received any proposal. Meanwhile, Nationwide reported that UK house prices fell 0.6% in May, marking the largest monthly decline since June 2025.
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