Welcome back to the FTSE 100 live blog.
It’s Tuesday morning and London’s blue-chip index is set to slide this morning following the price of oil remaining stubbornly elevated and a surge in tech stocks on the Anthropic news.
Brent crude was trading above $115 per barrel as renewed diplomatic efforts in the Middle East raised hopes of preventing a wider escalation of the US-Iran conflict. But the discussions come roughly a week before the US midterm elections, after which President Donald Trump has repeatedly suggested that military strikes against Iran could resume following months of stalled negotiations.
Elsewhere, in Asia, stocks surged after AI bellwether Anthropic’s eagerly anticipated IPO filing lifted investor sentiment ahead of a raft of tech earnings this week that will be a key indicator for risk appetite.
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