Heading: FTSE 100 POSTS BIGGEST WEEKLY DROP SINCE APRIL - 2026-10-05
Published October 5, 2026 Updated about 3 hours ago By Reuters LONDON: The UK’s FTSE 100 saw its steepest weekly drop since April on Friday, hurt by a sell-off in government bonds that pushed yields higher and dented risk appetite. The blue-chip FTSE 100 index closed 0.32 percent higher on the day at 10,461.95 points, but fell 2.2 percent for the week. The midcap FTSE 250 also ended the week marginally lower, at 24,194.24. Wild volatility in bond and currency markets kept investors on edge this week, but weaker-than-expected jobs data on Friday reduced odds of a near-term rate hike by the US Federal Reserve, reassuring investors. Oil prices fell 2 percent after a sharp rise a day earlier following reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies. Gilt yields dropped, with the benchmark 10-year gilt yield falling 4.09 basis points to 5.3624 percent after climbing to its highest since 2007 in…
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