1 September 2026, 18:50 United Kingdom: FTSE 100 Falls on Tuesday.
The FTSE 100 fell 0.4% on Tuesday, although it outperformed the Euro Stoxx 50. Mining stocks were among the biggest decliners, with Endeavour and Fresnillo dropping more than 5% each as gold and silver prices retreated. Higher expectations for future interest rates weighed on non-yielding precious metals, while Antofagasta and Anglo American also fell 5.4% and 3.8%, respectively. Rolls-Royce declined more than 4%. In contrast, energy stocks rallied strongly as oil prices climbed, with Shell and BP advancing 2.6% and 5.7%. Brent crude rose above $92 a barrel, reinforcing concerns that elevated energy costs could prolong inflationary pressures. Domestic data added to those concerns, as British Retail Consortium figures showed UK shop price inflation accelerating to a two-year high of 1.5% in August, while food inflation reached 2.8%. Meanwhile, Nationwide reported that UK house prices increased 0.2% in August, slightly faster than in July and ahead of expectations.
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