FTSE 100’s early gains fade as war deadline looms
The FTSE 100 index closed lower on Tuesday amid caution ahead of the soon-to-expire ceasefire between the US and Iran. The index fell 1.1% to 10,498.09, despite a bright start to the day.
The FTSE 100 closed 1.1% lower on Tuesday at 10,498.09, despite an initial gain. Caution ahead of the US-Iran ceasefire deadline contributed to the decline. US President Donald Trump expressed optimism about reaching a deal with Iran, but the country's position remained uncertain. Brent oil prices rose to $98.03 per barrel. In other news, Apple's stock fell 1.9% after CEO Tim Cook announced he would step down. UK unemployment rate dropped to 4.9% in the three months to February, beating expectations.
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