Geopolitics Drive UK Market Dip | Bermuda News

London’s mid-cap stocks plunged to a near-month low as UK bond yields hit an 18-year high, driven by fresh inflation fears sparked by escalating U.S.-Iran tensions in the Middle East. The spike in gilt yields squeezes government finances and hints at possible future tax hikes, especially if spending rises. The FTSE 100 also slid, with industrial miners and media firms like Rio Tinto and WPP taking heavy losses — even Pearson tumbled after a downgrade. Yet, heavyweight banks held steady, showing resilience amid global volatility. Oil prices also climbed near a one-month high, underscoring how geopolitical shocks ripple through markets and shape economic policy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d25cefb194f7d4d1