UK Markets Dip Amid Middle East Tensions | Bermuda News

London’s stock market took a beating this week as both the FTSE 100 and FTSE 250 plunged, driven by soaring global bond yields fueled by escalating Middle East tensions. Rising oil prices from U.S.-Iran clashes sparked inflation fears, pushing UK ten-year Gilt yields to their highest since 2008—and raising bets that the Bank of England may hike rates again by year-end. Rate-sensitive sectors like banking, housing, and mining suffered, while energy stocks rose with crude. Bright spots included Reckitt Benckiser after a favorable U.S. baby formula ruling and Bodycote on acquisition rumors. Markets remain volatile as geopolitical and economic forces continue to shift investor mood. 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/3a780c254cd363ec