UK Stock Market Today: FTSE 100 Is Closed, But Tuesday’s Oil Test Looks Bigger Now
London’s stock market was closed Monday for the Early May Bank Holiday, with the FTSE 100 last finishing Friday down 0.1% at 10,363.93. Brent crude surged over 5% to $113.92 a barrel after Iranian attacks in the Gulf, while European stocks fell sharply. The pan-European STOXX 600 dropped 1%, its biggest one-day fall in a month. Wall Street also traded lower as oil prices climbed and rate cut expectations faded.