FTSE 100

Key insight

10,426 held Thursday — but gilt yields near 6% and Brent ~$100 cap upside. Break back above 10,500 needed to signal stabilisation; failure retests 10,300 Sep low.

Gilt yields hit 6% — near 28-year highs — dragging FTSE below its 50-day MA. Friday's +0.22% bounce is fragile; index sits 4.4% below Feb 2026 ATH of 10,934.

Main risk

UK 30-year Gilt Yield near 6%

Yield touched 6% Oct 1 — highest since Feb 1998. Sustained above 5.9% redirects income flows from equities to bonds, pressuring all FTSE rate-sensitives.