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Gianni Infantino says sorry but remains as Fifa president after executive meeting

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Fifa president Gianni Infantino is seen before the World Cup 2026 Group D match between Australia and Turkey

Gianni Infantino has apologised for “errors” he made in controversial plans to sell off stakes in competitions to private investors, but will remain Fifa president after receiving the backing of senior executives in a meeting in Morocco.

Infantino summoned members of the management board to Fifa’s Africa office in Rabat on Wednesday following mounting criticism of his aborted proposals, with world football’s governing body releasing a statement of support four hours after the meeting ended.

European football’s governing body Uefa said at the weekend that it has lost confidence in Infantino, calling the Fifa Forward Enterprise (FFE) proposal a “shabby, back room, opaque deal”.

Much criticism has come from within Fifa, including secretary general Mattias Grafstrom, who was at Wednesday’s meeting. In an internal memo sent to Fifa staff on Tuesday, he wrote that the situation is “a sad and reproachable series of events”.

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However, in a statement following the meeting, Grafstrom and the managament board “reaffirmed their full support” for Infantino as president.

Infantino and Grafstrom also sent a signed letter – seen by the BBC – to Fifa’s vice-presidents, council and 211 member associations saying they “sincerely apologise” for their errors and “commit to them not happening again”.

The two were pictured attending a Women’s Africa Cup of Nations match together in Rabat after the meeting.

Infantino had offered all associations $40m (£30m) if they backed a proposal for private investment in its tournaments, including the men’s and women’s World Cups, through a new subsidiary, FFE.

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Fifa said that during Wednesday’s meeting “mistakes” regarding FFE were “acknowledged”, saying it was “not the intention” for the Fifa council and members association to “feel excluded from the process and that the process should have been handled differently”.

The governing body added it “acknowledged that errors were also made after the proposal was leaked to media” – with the Times breaking the story of Infantino’s plan on 28 July.

However, the statement also said the organisation “will no longer tolerate any attacks on its integrity, good governance and due process and will take all necessary measures to protect and safeguard its name and reputation”.

Earlier, Fifa denied a story in the Times that Infantino had promised Morocco it will host the 2030 World Cup final in exchange for its support.

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Fifa said it was a “false and misleading” claim and that a decision on where to hold the final, with the tournament also hosted by Spain and Portugal, will be made “in due course”.

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TV Channel, Kickoff Time and Full Details Now

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Emerson Palmieri of Chelsea

Chelsea and Juventus meet Wednesday in one of the summer’s most closely watched preseason friendlies, with both European giants using the match at Kai Tak Sports Park in Hong Kong to fine-tune their squads ahead of the 2026-27 season.

The match, part of the Hong Kong Football Festival 2026, kicks off at 7:30 p.m. local time in Hong Kong, which translates to 8 a.m. UTC. That puts the start time at roughly 4 a.m. Eastern time in the United States, giving American fans an early wake-up call if they want to catch the match live.

How to Watch in the United States

Fans in the United States have multiple ways to follow the match. The game will be shown live on Prime Video, Paramount+ and CBS Sports Golazo, giving viewers a choice between several major streaming platforms depending on existing subscriptions. Paramount+ carries CBS Sports’ soccer coverage broadly, including UEFA Champions League matches, in addition to a wide slate of other sports and entertainment programming, while CBS Sports Golazo offers dedicated soccer coverage as part of its programming lineup.

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How to Watch in the UK and Elsewhere

For fans in the United Kingdom, the match will not be shown on traditional television. Instead, Chelsea is streaming the game live through the club’s own CFC+ subscription service, available via the Chelsea Official App and the club’s website. Supporters should note that the CFC+ stream will not be available in Hong Kong, Macau or Italy, meaning fans in those specific markets will need to seek alternative broadcast options where available.

For those without access to a CFC+ subscription or one of the U.S. streaming platforms, Chelsea’s Matchday Live service offers minute-by-minute updates throughout the match via the club’s official app and website, including confirmed starting lineups as soon as they are announced, along with live text commentary, statistics and imagery throughout the game. Juventus has also indicated the match will be available to watch for free through its own club channels as part of coverage of what the Italian club is calling the first fixture of its Summer Tour.

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A Big Test for Both Sides

Wednesday’s match represents a significant challenge for both clubs as they continue building toward the new season. Chelsea enter the fixture off the back of a disappointing 2-1 defeat to rivals Tottenham Hotspur on Saturday in Sydney, a result that saw manager Xabi Alonso continuing to experiment with his tactical setup as his first full season in charge of the Premier League side approaches. Alonso’s side also faced 10-man Tottenham during the Australian leg of their preseason tour before moving on to face Juventus and, subsequently, AC Milan in Hong Kong and Jakarta.

Juventus, meanwhile, arrive in strong defensive form, having yet to concede a goal across their preseason warmup matches so far, most recently claiming a 2-0 win over Nice. Manager Igor Tudor is using the club’s preseason schedule to continue establishing his tactical identity with the Serie A side ahead of the new campaign, and is expected to field a strong lineup against Chelsea given the profile of the opponent.

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Squad News and Returning Players

Among the storylines surrounding Chelsea’s squad ahead of the match is the potential involvement of winger Mykhailo Mudryk, who could make his return to competitive football after a 20-month suspension following an adverse finding for a banned substance in 2024. Alonso has confirmed that the 25-year-old, who joined Chelsea for $115 million in January 2023, is available for selection as the club continues preparing for the new season. Chelsea has been using its preseason friendlies broadly to build squad chemistry, improve match fitness, and integrate several new signings, while also providing valuable minutes to players returning from injury or international duty over the offseason.

What Comes Next

Wednesday’s match against Juventus is not Chelsea’s final preseason test. The club is scheduled to continue its Asia tour with a subsequent friendly against AC Milan in Hong Kong before wrapping up preparations with a match in Jakarta, Indonesia. Once the squad returns to London, Chelsea will host Real Sociedad at Stamford Bridge on Saturday, Aug. 15, in what is expected to be their final home tune-up before officially opening the 2026-27 Premier League season away to Fulham on Monday, Aug. 24.

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For Juventus, Wednesday’s fixture against Chelsea is similarly positioned as one of the tougher tests of their preseason slate, with the Italian club continuing preparations for their own return to competitive football as the new Serie A campaign approaches.

A Marquee Preseason Matchup

While no trophy or competition points are on the line, Wednesday’s friendly carries added significance given the profile of both clubs and the timing within their respective preseason schedules. With Chelsea working to sharpen its form under Alonso following back-to-back tour matches, and Juventus looking to extend a clean defensive record under Tudor, the match offers both managers a valuable opportunity to assess squad depth and tactical cohesion against high-level opposition before facing the pressures of the regular season.

Fans looking to follow the match across any platform are advised to confirm regional streaming availability ahead of kickoff, given the blackout restrictions in place for Hong Kong, Macau and Italy on Chelsea’s own CFC+ service, as well as the early morning start time facing viewers across North America.

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Braveheart Bio prices $382.5M IPO at $18 per share

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Braveheart Bio prices $382.5M IPO at $18 per share

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Ken Griffin proceeds with Citadel skyscraper despite Mamdani feud

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Griffin tells socialists to 'read a damn history book' as Wall Street flees NY

The development of a skyscraper in New York City that will house Ken Griffin’s Citadel is moving forward despite his feud with New York City Mayor Zohran Mamdani.

The skyscraper project at 350 Park Avenue is being developed by Griffin’s Citadel in partnership with Vornado Realty Trust and Rudin, and will see two of Griffin’s firms being anchor tenants.

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Steven Roth, CEO of Vornado Realty Trust, said on the company’s earnings call on Tuesday that the project is underway and that the REIT will maximize its stake in the venture.

“If you drive or walk past Park Avenue at 52nd Street, you will see that our 350 Park Avenue site is now under construction, actually under demolition. We intend to shortly exercise our investment option to participate in this deal at our maximum ownership alongside Ken Griffin as our 60% partner and with Citadel as our 1-million-square-foot anchor tenant.”

HEDGE FUND BILLIONAIRE EXPANDS MIAMI DEVELOPMENT PLANS AFTER MAMDANI FEUD

350 Park Ave. skyscraper

The new skyscraper being built by Citadel, Vornado and Rudin will be at 350 Park Ave. in New York City. (Fox Business)

Roth said on the call that Citadel holds a 60% stake in the partnership, while Vornado’s will top out at 36%.

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The project is moving forward after Mamdani specifically criticized Griffin for owning a penthouse on Central Park South in a video detailing his new pied-a-terre tax, which is levied on high-value residential properties whose owners don’t live in the city full-time.

Mamdani spurred the controversy with an April 15 video the mayor recorded in front of Griffin’s penthouse, calling him out as a wealthy hedge fund owner who would be subject to the new luxury property tax.

NEW YORK’S WEALTHY RUSH TO AVOID MAMDANI’S SECOND-HOME TAX

New York City Mayor Zohran Mamdani stands outside of Citadel CEO Ken Griffin's Park Avenue penthouse in an April 15, 2026 video.

New York City Mayor Zohran Mamdani stands outside of Citadel CEO Ken Griffin’s Park Avenue penthouse in an April 15, 2026, video.  (NYC Mayor’s Office)

“When I ran for mayor, I said I was going to tax the rich. Well, today we’re taxing the rich… This is an annual fee on luxury properties worth more than $5 million whose owners do not live full-time in the city – like this penthouse, which hedge fund CEO Ken Griffin bought for $238 million,” Mamdani said in his video.

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Griffin responded, calling the personal attack “creepy and weird,” worrying that it put him in harm’s way and demonstrated a “profound lack of judgment,” on Mamdani’s part.

MAMDANI’S TAX ROLL BLUNDER WILL BACKFIRE ON EVERYDAY NEW YORKERS AS BUYERS HEAD SOUTH, DEVELOPER WARNS

Ken Griffin speaks at conference

Citadel CEO and founder Ken Griffin said Mamdani’s video was “creepy and weird.” (Aaron Schwartz/Bloomberg via Getty Images)

Citadel executives went on to suggest that the new office space could become a casualty of Mamdani’s not-so-business-friendly policies.

Gerald Beeson, the firm’s COO, wrote in an April 23 memo to employees that the firm’s development of 350 Park Avenue was about to begin and would create “6,000 highly paid construction jobs” as well as support the “creation of more than 15,000 permanent jobs in Midtown New York.”

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“The project – if we move forward – will entail more than $6 billion dollars of spending,” Beeson wrote.

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Mamdani eventually softened his rhetoric and thanked Griffin for his contributions to the city, including funding a memorial wall for police officers killed in the September 11 attacks and those who died of illnesses related to the recovery from the attacks that will open later this year in NYC Police Headquarters.

FOX Business’ Robert McGreevey contributed to this report.

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Global Market Today: Asian stocks drop as AI rally pauses, oil dips

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Global Market Today: Asian stocks drop as AI rally pauses, oil dips
Asian stocks slipped Thursday after a recent tech-led rally on Wall Street paused. Crude oil edged lower as Iran reached an agreement with Oman on the Strait of Hormuz.

The MSCI Asia Pacific Index declined 0.2%, with South Korea’s Kospi Index falling 1%. Earlier, the S&P 500 Index pulled back from a record high while an index of semiconductor stocks lost more than 1%, even as Nvidia Corp. advanced. SpaceX tumbled 14% despite strong earnings, ahead of the release of about $101 billion of shares for trading Thursday.

Sentiment improved in early Asian trading, with S&P 500 Index futures rising 0.1%. However, a cautious tone lingered as memory makers Sandisk Corp. slid 7.5% and Western Digital Corp. plunged 11% in post-market trading after reporting earnings.

US crude edged lower on Thursday after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, a potential step toward reopening the critical waterway. West Texas Intermediate fell 0.4% to below $75 per barrel. The dollar held its losses from the previous session, while gold hovered around $4,270 an ounce after posting its biggest gain since February.

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Wednesday’s pause in the US stock rally came as investors reassessed valuations after AI-related shares rebounded sharply from last month’s bruising selloff, which hit several hedge funds. Traders are now focused on developments in the Middle East for clues on the direction of oil prices, with knock-on effects for inflation and central bank policy.


“AI-related results and commentary have sparked some profit taking,” said Colin Cieszynski, chief market strategist and portfolio manager at SIA Wealth Management Inc.
Meanwhile, Treasury yields were little changed on Wednesday after data showed the US services sector expanded at a steady pace in July, even as higher costs for labor and materials continued to weigh on businesses. Hiring slowed, with companies adding fewer workers than expected.If Friday’s monthly payrolls report confirms signs of a cooling labor market, it may give Federal Reserve officials room to keep their focus on stubborn inflation, rather than employment.

Even so, policymakers continued to signal they are prepared to tighten policy further if price pressures persist. Minneapolis Fed President Neel Kashkari told CNBC the central bank should begin raising interest rates incrementally now, while Governor Lisa Cook said she was prepared to act if inflation failed to keep slowing.

“If I do not see signs of continued disinflation soon, I am prepared to act,” Cook said Wednesday in a speech at an event in Alaska. “With five years of above-target inflation, the risk grows that higher inflation may become entrenched in price- and wage-setting behavior, leading to persistence that would be much harder for us to attack.”

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Meta says AI model accessed the internet and hacked another firm

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Mark Zuckerberg, CEO of Meta, pictured outside the US Capitol after a meeting

Facebook owner Meta says an error during an evaluation by an independent testing company allowed one of its artificial intelligence (AI) models to connect to the internet and hack another organisation’s system.

The announcement follows recent incidents across the AI industry, including breaches by OpenAI and Anthropic models, that have raised cyber-security concerns.

A Meta spokesperson told the BBC that it was investigating the hack that was caused by a “misconfiguration”, which it described as similar to previously reported incidents at other firms.

The incidents have prompted researchers and governments to call for tougher safeguards and more rigorous testing.

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Meta said the tests were conducted by Irregular, an AI security vendor, which notified it about the breach.

The BBC has contacted Irregular for comment.

Meta also said it will publish more information on the incident “once we have all the facts.”

In the past two weeks, AI leaders OpenAI and Anthropic have also reported incidents in which their models hacked into other organisation’s systems during testing.

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ChatGPT-maker OpenAI said in a series of announcements that its agents attacked several publicly available services, including AI tools hub Hugging Face.

OpenAI’s disclosure prompted rival Anthropic to conduct its own checks, leading to the discovery that its Claude AI model had carried out similar attacks on several firms after a “misconfiguration” gave it access to the internet.

Some commentators have questioned the timing of disclosures about the incidents as tech firms wrestle for dominance in AI development.

OpenAI and Anthropic are preparing blockbuster stock market listings that are expected to value each firm at around $1tn (£740bn).

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This week, the UK’s AI Security Institute (AISI) said that its testing had found that some models tried to carry out cyber-attacks by creating fake human profiles to try and trick people.

In the most serious case, the AISI said Anthropic’s Mythos AI tried to gain access to a service by sending private messages using fake accounts mimicking real people.

Anthropic said AISI’s tests were not “representative of any of our production models”. OpenAI, whose models were also tested, said AISI’s evaluations did not reflect ordinary use.

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Why is Beach Energy stock sliding today?

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Why is Beach Energy stock sliding today?

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Nationwide recall issued for dog and horse medication over fiberglass

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Nationwide recall issued for dog and horse medication over fiberglass

A nationwide recall has been issued for dog and horse medication after fiberglass was found floating in injection vials.

American Regent, Inc. announced that select lots of Adequan Canine Injection and Adequan i.m. Injection joint medication are affected by the recall.

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The recall includes two lots of Adequan Canine Injection, which is used to treat joint dysfunction in dogs, and two lots of Adequan i.m. Injection, which is for treating joint dysfunction and lameness in horses.

SOME OLDER FORD VEHICLES POSE ‘UNREASONABLE’ SAFETY RISKS, REGULATORS WARN

Adequan Canine Injection

American Regent, Inc. announced that select lots of Adequan Canine Injection and Adequan i.m. Injection joint medication are affected by the recall. (FDA)

Both products are clear and colorless to slightly yellow solutions administered by intramuscular injection.

The company said the glass fibers were found during routine testing.

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American Regent, Inc. said it has not received any reports of an injury related to the recall.

POPULAR WALMART NUT BUTTER RECALLED AFTER TESTING DETECTS SALMONELLA

Adequan i.m. Injection

Both products are clear and colorless to slightly yellow solutions administered by intramuscular injection. (FDA)

Consumers are urged to stop using the recalled product lots and to throw them away or return them to the manufacturer. Consumers should also contact a veterinarian if their pets have experienced any problems that may be linked to using the medication.

“The administration of an intramuscular injectable product containing particulate matter, such as glass fibers, may result in local irritation, swelling, inflammation, injection site pain, infection, or abscesses,” the company said in its recall notice.

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Horse and dogs in a field

American Regent, Inc. said it has not received any reports of an injury related to the recall. (Getty Images / Getty Images)

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Veterinary hospitals, distributors and retailers are also instructed to return any unused product to the manufacturer or discard the item.

“American Regent, Inc. is committed to the safety of patients who rely on its products and is taking this precautionary action to protect public health,” the company said.

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Amprius Technologies, Inc. (AMPX) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good morning. Welcome to the Amprius Technologies Second Quarter 2026 Earnings Conference Call. Joining us for today’s presentation are the company’s CEO, Tom Stepien; and CFO, Ricardo Rodriguez. [Operator Instructions] Please note that this presentation contains forward-looking statements, including, but not limited to, statements regarding the company’s financial and business performance, business strategy, future product development or commercialization, new customer adoption, and new applications, the company’s growth and the growth of the markets in which it operates and the timing and ability of Amprius to expand its manufacturing capacity, scale its business and achieve a sustainable cost structure.

These statements involve known and unknown risks, uncertainties and other important factors that may cause Amprius’ results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. For a more complete discussion of these risks and uncertainties, please refer to Amprius’ filings with the Securities and Exchange Commission.

This presentation includes a non-GAAP financial measure, which is adjusted EBITDA. This non-GAAP financial measure does not replace the presentation of Amprius’ GAAP financial results and should only be used as a supplement to, not a

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McKesson Corporation (MCK) Q1 2027 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Welcome to McKesson’s First Quarter Fiscal 2027 Earnings Conference Call. Please be advised that today’s conference is being recorded.

At this time, I would like to turn the call over to Paula Adkison, SVP of Corporate Finance and Investor Relations. Please go ahead.

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Paula Adkison

Thank you, operator. Good afternoon, and welcome, everyone, to McKesson’s First Quarter Fiscal 2027 Earnings Call. Today, I’m joined by Brian Tyler, our Chair and Chief Executive Officer; along with Kenny Cheung, our Chief Financial Officer. Brian will lead off, followed by Kenny, and then we will move to a question-and-answer session.

Today’s discussion will include forward-looking statements such as forecasts about McKesson’s operations and future results. Please refer to the cautionary statements in today’s earnings release and presentation slides available on our website at investor.mckesson.com and to the Risk Factors section of our most recent annual and periodic SEC filings for additional information concerning risk factors that could cause our actual results to materially differ from those in our forward-looking statements.

Information about non-GAAP financial measures that we will discuss during this webcast, including a reconciliation of those measures to GAAP results, can be found in today’s earnings release and presentation slides. The presentation slides also include

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FTSE 100 Slips Slightly at Midday After Morning Rally Fades as Traders Weigh Iran Deal Hopes This Week

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Tesla's robotaxi launch in Texas comes as Elon Musk focuses on his business ventures following his stint in Washington

LONDON — Britain’s benchmark FTSE 100 index slipped into negative territory by midday Wednesday, giving back an earlier rally as investors weighed a mixed bag of corporate earnings against continued optimism over a potential deal to reopen the Strait of Hormuz to commercial shipping.

The index stood at 10,865.62 as of 12:36 p.m. British Summer Time, down 13.76 points, or 0.13%, from Tuesday’s close of 10,879.38. The FTSE 100 had traded in a range between 10,941.55 and 10,836.86 during the session, reflecting a choppy day of trading that saw the index pull back from stronger early gains.

A Positive Start Fades

Wednesday’s session had opened on a considerably brighter note. Futures had pointed to the FTSE 100 opening roughly 27 to 39 points higher, building on Tuesday’s 0.2% gain, as investors responded to reports that the United States, Iran and Oman were nearing an interim agreement to guarantee safe passage through the Strait of Hormuz for an initial 60-day period. That optimism helped push Brent crude prices lower earlier in the session, easing broader inflation concerns and supporting risk appetite across global markets.

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President Donald Trump added to the sense of momentum around the negotiations, saying talks with Iran were going very nicely and that further clarity could come within 48 hours, while separately warning that Iran would be “hit very hard” if the strategically important waterway was not reopened quickly. Qatar, which has served as a key mediator in the broader conflict, confirmed that a specific proposal concerning the strait had been put forward, adding further weight to hopes that a resolution could be close at hand.

That early-session optimism was echoed across global markets overnight, with Wall Street closing at fresh record highs and Asian markets extending the rally into Wednesday’s trading. Japan’s Nikkei 225 closed up 3.7%, China’s Shanghai Composite rose 1.5%, Hong Kong’s Hang Seng added 0.2%, and Australia’s S&P/ASX 200 finished up 0.9%, reflecting broad-based enthusiasm heading into the European trading day.

Mining Stocks and Corporate Earnings in Focus

Despite the index’s slide into negative territory by midday, several individual stocks continued to post strong gains. Mining shares were among the standout performers of the week, with commodities giant Glencore among the leaders after the Swiss-based company said it would pursue a secondary listing of its stock on the Australian Securities Exchange before October, aiming to broaden its access to Australian investors, including major superannuation funds.

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Retailer Next PLC also remained in focus following its half-year trading update, in which the company raised its full-year profit forecast to £1.24 billion after posting a 9.2% increase in full-price sales, supported by strong online growth and international demand. The update helped lift Next shares and contributed to broader strength in the FTSE 250, which reached a record high during the session even as the blue-chip FTSE 100 struggled to hold onto its earlier gains.

Insurer Legal & General also drew attention Wednesday, with one long-tenured investor highlighting the company’s 7.17% dividend yield as a standout among FTSE 100 constituents. The company, which oversees more than £1.2 trillion in assets, has increased its dividend by 62.6% over the past decade, with shares up 17.3% over the past year.

A Mixed Session Beneath the Surface

Not every corner of the market fared well Wednesday. Chip designer AMD, though listed in the United States rather than London, offered a cautionary signal for the broader technology and semiconductor sector after posting strong second-quarter results, including data center sales that doubled from a year earlier, only to see its stock slide roughly 9% in after-hours trading as investors reacted to cautious forward guidance. That reaction underscored a pattern seen elsewhere in markets this week, in which strong headline results have not always translated into share price gains when investors focus instead on forward-looking commentary.

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Wednesday’s session followed a mixed picture in Tuesday’s trading, when the FTSE 100 had gained around 0.5%, driven largely by strength in mining stocks. Antofagasta led that rally with a gain of more than 3.5%, while Anglo American, Rio Tinto, Glencore and Endeavour Mining each advanced more than 2%, supported by stronger commodity prices. HSBC, the index’s largest constituent, had traded only modestly higher on Tuesday despite reporting better-than-expected earnings and announcing a new $1 billion share buyback program, while BP posted modest gains after delivering quarterly results that exceeded market expectations.

Not all companies fared as well in recent sessions. Smith & Nephew was among the biggest laggards earlier in the week, falling more than 7% after cutting its full-year sales growth forecast, citing temporary weakness in its U.S. orthopaedics business that weighed on second-quarter performance.

A Market Watching Geopolitics Closely

The FTSE 100’s midday pullback comes as global markets continue to closely track developments in the U.S.-Iran standoff, given the direct implications for oil prices and broader economic sentiment. Brent crude had slipped to around $78.86 a barrel earlier in the week amid optimism over the prospective shipping deal, a decline that has generally supported equity markets by easing inflationary pressure tied to energy costs, even as the FTSE 100’s own mining and commodity-linked constituents have shown more mixed reactions to shifting oil price expectations.

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With corporate earnings season continuing to generate individual stock moves across the index, and geopolitical developments in the Middle East remaining fluid, traders are likely to continue watching both threads closely in the sessions ahead. Wednesday’s late-morning reversal, from an initially higher open to a slight midday decline, illustrates the degree to which sentiment has remained sensitive to shifting headlines, even as the broader trend across global markets this week has skewed toward record highs and cautious optimism over an eventual de-escalation of the conflict affecting the Strait of Hormuz.

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