FTSE 100

Key insight

10,738 sits just above the 10,700 round-number support; a close below drags the index toward 200-day MA near 10,540. Energy and mining heavyweights face a double drag: Brent crude at $97.6 and a synchronized European risk-off move. Watch 10,700 as the line in the sand this session.

Falls 1.3% to 10,738 — broad European sell-off (DAX -1.4%, CAC -1.6%) with oil down 1.7% to $97.6 pressuring FTSE's large energy sector. No US bid: Dow -0.2%, growth divergence widening.

Main risk

Brent Crude Break Below $95

Oil at $97.6 (-1.7%) — a drop through $95 hits BP, Shell, and miners that constitute ~25% of FTSE weighting.