FTSE 100

Key insight

10,728 marks a critical inflection: index underperforms European peers by 0.3pp today with oil -2.4%, pressuring BP/Shell which represent ~12% of index weight. Break above 10,800 needed to confirm bullish trend continuation.

Holds 10,728 — flat +0.06% while DAX/CAC gain 0.4%; FTSE lagging peers signals index-specific drag, likely from GBP stability and heavyweight energy sector facing $99.9 oil slide.

Main risk

Brent Crude collapse below $100

Oil at $99.9 (-2.4%) threatens BP and Shell earnings — a sustained break below $95 could strip 80–120pts from the FTSE.