Oil Retreats, UK Inflation Falls, FTSE 100 Holds the High Ground Ahead of the FOMC

From Investing.com: 2025-06-18 06:58:00

Oil prices hit a near five-month high on concerns of rising tensions in the Middle East. President Trump demanded Iran’s unconditional surrender, causing Asian stocks to show mixed performance. Treasury bonds underperformed despite a successful auction. UK inflation rate fell to 3.4% in May, driven by lower transport costs. European stocks remained flat, while U.S. stock futures showed little movement. The dollar held onto recent gains. Market participants await the FOMC meeting for updated economic projections. The FTSE 100 continues to hold above key support at 8781, displaying resilience amidst geopolitical challenges and slowing growth in the UK.



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