UK Stock Market Today (September 2): The FTSE 100 opened lower today. The index started trading at approximately 10,763, lower than Tuesday’s close of 10,789.28, showing weakness in opening trades. Trading information from Europe also showed that the FTSE 100 was down by approximately 0.15% due to weakness in mining companies but gains in leading oil companies curbed its losses. The weak opening is because of rising US-Iran tension, increasing crude oil price, and global bond yield, which are all affecting investor confidence. The price of Brent crude oil was approximately $95.45 per barrel.
UK Stock Market Today (September 2): Why is the UK Stock Market Down Today?
Today, FTSE 100 is lower due to escalating tensions between US and Iran which have resulted in the rise of oil prices and a wider global sell-off in bonds and equities. Brent crude hit $95-97 per barrel. There is worry that any continued disruption to shipping through the Strait of Hormuz could exacerbate inflation.
Another significant factor weighing on the UK market is the UK bond market. 10-year gilts’ yield hit 5.268%, the highest since 2008, resulting in an increase in the cost of borrowing for the government and thus exerting further pressure on UK equities. In addition to the UK market, the weakness can be felt in other European markets as well as investors are following a risk-off stance. Early trading data showed the FTSE 100 index down by 0.15% with mining stocks falling on lower metals prices while gains in leading oil companies are offsetting the losses somewhat.
UK Stock Market Today (September 2): London Stock Exchange Today
The FTSE 100 index opened down to 10,763 on September 2, 2026, below Tuesday’s closing price of 10,789.28. The index was weak due to rising tensions between the US and Iran, which sent Brent crude prices up to $94.74 per barrel, and the UK 10 year gilt yields up to 5.268%.
UK Stock Market Today (September 2): All Major FTSE Indices Performance Today
The UK stock market was trading lower, with all major FTSE indices in negative territory:
- FTSE 100: 10,757.39, down 0.30%
- FTSE 250: 24,410.76, down 0.45%
- FTSE 350: 5,860.33, down 0.31%
- FTSE All-Share: 5,796.37, down 0.31%
- FTSE AIM 100: 3,667.21, down 0.74%
The FTSE 100 was at 10,757.39, down 0.30%, while the FTSE AIM 100 recorded the sharpest decline, falling 0.74% among the listed indices.
UK Stock Market Today (September 2): FTSE 100 Down Today – Key Drivers
The FTSE 100 is trading lower on Wednesday, September 2, 2026, with the index recently at 10,757.39, down 31.89 points or 0.30%. The main pressures are renewed US-Iran tensions, higher crude oil prices and a global bond sell-off. Brent crude has climbed above $95 a barrel, raising concerns about inflation and interest rates. At the same time, the UK 10-year gilt yield rose to 5.268%, its highest level since June 2008, increasing government borrowing costs and weighing on investor sentiment.Â
UK Stock Market Today (September 2): Top Gainers
Reckitt Benckiser, among other strong performers on the FTSE 100 index, moved up by 4.4%, BP increased its stock by 3.9%, and Shell gained 1.5%. Reckitt Benckiser gained momentum due to the favorable US ruling, while BP and Shell took advantage of increased oil prices.
UK Stock Market Today (September 2): Top Losers
Some of the top losers in the FTSE 100 today are miners, due to falling metal prices impacting their performance. While the FTSE 100 is down by about 0.15%, overall sentiment in the markets has been negative, owing to increased oil prices and renewed tensions between the US and Iran.
UK Stock Market Today (September 2): Oil Prices Cross $94 Amid Strait of Hormuz Supply Fears
The price of oil jumped past $94 per barrel on Wednesday, increasing the pressure on stock markets across the world amid new tensions between the US and Iran that heightened worries about possible shortages of oil passing through the Strait of Hormuz. On Tuesday, Brent crude closed at $94.65 per barrel, an increase of 4.6%, while it hit above $97 in the initial hours of Wednesday’s trade before falling back.
UK Stock Market Today (September 2): What Should Investors Know?
The FTSE 100 is underperforming on Wednesday, September 2, 2026, falling by about 0.30% to 10,757.39 on the most recent data available for trading. The driving force behind the drop in share prices is the tension between the US and Iran that has driven the price of Brent Crude oil up to $95.51 a barrel due to concerns about inflation. The cost of borrowing in the UK is currently high at a 10-year gilt yield of 5.26% after reaching 5.268%, the highest since June 2008.
