financetom
World
financetom
/
World
/
UK stocks fall in broad-based declines as Trump's Iran deadline looms
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK stocks fall in broad-based declines as Trump's Iran deadline looms
Apr 7, 2026 9:50 AM

April 7 (Reuters) - UK shares ended lower in

broader-based losses on Tuesday, as investors turned risk-averse

heading into U.S. President Donald Trump's deadline for Iran to

open the Strait of Hormuz with no compromise in sight.

Trump threatened that "a whole civilization will die tonight" as

Iran showed no sign of accepting his ultimatum to open the

Strait of Hormuz by Tuesday evening, Washington time.

The blue-chip FTSE 100 index dropped 0.8% to

10,348.8 points at close, while the midcap FTSE 250 slid

0.4%.

* Trump has given Iran until 8 p.m. in Washington to end its blockade of Gulf oil.

* Trading in the UK picks up on Tuesday after a long weekend

break where markets were shut for the Good Friday and Easter

Monday holidays.

* The blue-chip index briefly hit an over one-month high

earlier in the day, but Tuesday's fall meant snapping a four-day

winning streak.

* Aerospace and defence lagged, declining

2.6%; shares of Rolls-Royce fell 3.9%.

* Travel and leisure shed 1.9% with airline

stocks particularly hit as crude oil prices climbed amid the

volatile situation in Iran.

* Oil and gas was a bright spot, rising 0.8%

tracking higher crude oil prices.

* Heavyweight banks lost 0.8%, while

pharmaceutical and biotech shares fell 2.2%.

* On the data front, a survey showed that businesses in

Britain's services sector reported the biggest month-on-month

jump in costs in March since 2021.

* A U.S. inflation reading due later this week would be on

investors' radar for more clues on the Federal Reserve's

interest rate path.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MORNING BID EUROPE-Tariff worries weigh as CPI cheer fades
MORNING BID EUROPE-Tariff worries weigh as CPI cheer fades
Mar 12, 2025
A look at the day ahead in European and global markets from Kevin Buckland Wall Street's mild bounce on the back of a tame CPI reading did not provide much impetus for Asian markets, leaving European investors with little cause for optimism. One problem is that the inflation data, while offering some relief from the run of discouraging indicators lately,...
FOREX-Dollar bounces on rise in yields as trade war roils markets
FOREX-Dollar bounces on rise in yields as trade war roils markets
Mar 12, 2025
* Dollar up against yen, Swiss franc * Investors digest implications of escalating trade war * Uncertainty over Trump's policies complicates outlook for central banks By Rae Wee SINGAPORE, March 13 (Reuters) - The dollar rebounded slightly on Thursday thanks to a rise in U.S. Treasury yields, though currencies traded in tight ranges as investors struggled to determine the impact...
Dollar bounces on rise in yields as trade war roils markets
Dollar bounces on rise in yields as trade war roils markets
Mar 12, 2025
SINGAPORE (Reuters) - The dollar rebounded slightly on Thursday thanks to a rise in U.S. Treasury yields, though currencies traded in tight ranges as investors struggled to determine the impact of an escalating global trade war on U.S. inflation and growth. U.S. President Donald Trump on Wednesday threatened further tariffs on European Union goods, as major U.S. trading partners said...
Yields on Japan's shorter-end bonds rise after BOJ comments drive rate hike bets
Yields on Japan's shorter-end bonds rise after BOJ comments drive rate hike bets
Mar 12, 2025
TOKYO, March 13 (Reuters) - Yields on Japan's shorter-dated government bonds reversed course to rise on Thursday as comments from the Bank of Japan chief boosted bets for an early interest rate hike. The 10-year JGB yield rose 1 basis point to 1.35%, after falling to as low as 1.495% earlier in the session. BOJ Governor Kazuo Ueda said on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved