FTSE 100 Drops to May Lows

2026-06-04 08:25 By Joana Ferreira 1 min. read

The FTSE 100 fell to 10,300 points on Thursday, touching its lowest level since mid-May, led by Asia-focused financials like Prudential and Standard Chartered, which both dropped over 6%.

Investors also weighed mixed Middle East developments.

Brent crude fell below $97 a barrel, slightly easing inflation concerns after the US announced a ceasefire agreement between Israel and Lebanon.

However, tensions persisted following Israeli Prime Minister Benjamin Netanyahu’s warning of potential further strikes.

Iran also claimed it targeted a US command ship in the Gulf of Oman, while the Republican-led House voted to halt US military action against Iran, a symbolic rebuke to President Trump’s administration.

On the economic front, UK new car sales rose 7.1% year-over-year in May to 160,662 units, marking the best performance for the month since 2019.



News Stream
FTSE 100 Drops to May Lows
The FTSE 100 fell to 10,300 points on Thursday, touching its lowest level since mid-May, led by Asia-focused financials like Prudential and Standard Chartered, which both dropped over 6%. Investors also weighed mixed Middle East developments. Brent crude fell below $97 a barrel, slightly easing inflation concerns after the US announced a ceasefire agreement between Israel and Lebanon. However, tensions persisted following Israeli Prime Minister Benjamin Netanyahu’s warning of potential further strikes. Iran also claimed it targeted a US command ship in the Gulf of Oman, while the Republican-led House voted to halt US military action against Iran, a symbolic rebuke to President Trump’s administration. On the economic front, UK new car sales rose 7.1% year-over-year in May to 160,662 units, marking the best performance for the month since 2019.
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