FTSE 100 LIVE: Markets and oil prices rise as Iran-Israel conflict enters fourth day
Markets rose in London and across Europe even as the Israel-Iran conflict entered its fourth day. Oil prices continued to head higher.
Brent crude (BZ=F) swung up 0.6% in early trade, briefly touching the $75 mark earlier in the session. West Texas Intermediate (CL=F) was 0.7% higher to trade at $73.50 a barrel. On Friday, the International Energy agency said it was prepared to tap oil stocks should the market need it.
The death toll on both sides rose as strikes continued overnight. Israel has suggested that this could be a prolonged campaign while Iran has reiterated that it has the right to defend itself.
The FTSE 100 (^FTSE) rose 0.2% as markets opened. Gambling giant Entain (ENT.L) and Standard Chartered (STAN.L)were among the top risers in the index.
Germany's DAX (^GDAXI) ticked up 0.3%.
The CAC 40 (^FCHI) in Paris rose 0.5% and the pan-European STOXX 600 (^STOXX) was 0.2% higher.
US stock futures are up this morning, despite escalating tensions in the Middle East.
Dow Jones Industrial Average futures (YM=F) rose 0.4%, S&P 500 futures (ES=F) gained 0.4%, while contracts tied to the Nasdaq 100 (NQ=F) gained 0.5%. The cautious optimism follows a bruising Friday session that saw the Dow plunge more than 700 points in a broad risk-off move.
The geopolitical flare-up comes at a delicate moment for markets already buffeted by tariff insecurity. Friday's sell-off dragged the major US indexes into negative territory for the week.
The Dow (^DJI) ended down 1.3%, while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) posted weekly losses of 0.4% and 0.6%, respectively. Gold (GC=F) prices rallied alongside oil, with the precious metal drawing safe-haven flows amid rising volatility.
Hello from London. Lucy Harley-McKeown here, ready to ride the heatwave and bring you the latest markets and business news of the day.
On the slate this morning is Nationwide's House Price Index, giving a read on the market post-stamp duty increase.
Company earnings for the week can be found here — Miami-based construction company Lennar (LEN) up first.
We'll be watching the high tensions in the Middle East.
Let's get to it.
US stock futures are up this morning, despite escalating tensions in the Middle East.
Dow Jones Industrial Average futures (YM=F) rose 0.4%, S&P 500 futures (ES=F) gained 0.4%, while contracts tied to the Nasdaq 100 (NQ=F) gained 0.5%. The cautious optimism follows a bruising Friday session that saw the Dow plunge more than 700 points in a broad risk-off move.
The geopolitical flare-up comes at a delicate moment for markets already buffeted by tariff insecurity. Friday's sell-off dragged the major US indexes into negative territory for the week.
The Dow (^DJI) ended down 1.3%, while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) posted weekly losses of 0.4% and 0.6%, respectively. Gold (GC=F) prices rallied alongside oil, with the precious metal drawing safe-haven flows amid rising volatility.
Hello from London. Lucy Harley-McKeown here, ready to ride the heatwave and bring you the latest markets and business news of the day.
On the slate this morning is Nationwide's House Price Index, giving a read on the market post-stamp duty increase.
Company earnings for the week can be found here — Miami-based construction company Lennar (LEN) up first.
We'll be watching the high tensions in the Middle East.
Let's get to it.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
Sono Group N.V. Announces Upcoming Public Events in June 2025
The Company invites individual and institutional investors to attend its online presentation at Small Cap Virtual Investor Conference on June 26, 2025 Munich, June 16, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as 'Sono Group' or 'Sono', parent company to Sono Motors GmbH or 'Sono Motors') today announced that George O'Leary, Managing Director and CEO of Sono, will present live at the Small Cap Virtual Investor Conference hosted by on June 26, his presentation, George O'Leary will share updates on Sono Group's recent business development activities, new and ongoing strategic partnerships, and the Company's preparations for a planned uplisting to Nasdaq. He will also outline the roadmap for scaling Sono's solar technology across the commercial vehicle sector and discuss key milestones virtual event offers retail and institutional investors the opportunity to hear directly from Sono's leadership, participate in a live Q&A session, and book one-on-one meetings. The presentation will be archived for 90 more and register: Upcoming Events in JuneThe Company would like to remind its investors and followers about two additional virtual investor events taking place this month:- Emerging Growth Conference – June 17, 2025: George O'Leary will present an overview of Sono's latest developments and strategic outlook. Find more information here: Webull EV Webinar – June 24, 2025 at 2:00 p.m. ET. Sono Group will join a panel of innovators shaping the future of electric and solar mobility. For those who want to experience Sono's solar technology live and meet the team in person, the Company will also participate in the following industry event: - The UITP Summit – June 15–18, 2025 | Hamburg Messe, Hamburg, Germany. Sono Group will showcase its solar solution for buses, designed to help fleet operators reduce emissions and costs. Visit the team at Hall A2, Stand ABOUT SONO GROUP N.V. Sono Group N.V. (OTCQB: SEVCF) and its wholly owned subsidiary Sono Motors GmbH are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. For more information about Sono Group N.V., Sono Motors, and their solar solutions, visit and Follow us on social media: LinkedIn, Facebook, BlueSky, Truth Social, and STATEMENTS This press release may contain forward-looking statements. The words "expect", "anticipate", "intend", "plan", "estimate", "aim", "forecast", "project", "target", 'will' and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and its subsidiary Sono Motors GmbH (together, the 'companies'). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies' actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the Company's ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; the Company's ability to satisfy the conditions precedent set forth in its recent securities purchase agreement ('Securities Purchase Agreement') and exchange agreement ('Exchange Agreement') entered into with YA II PN, Ltd. ('Yorkville'); the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company's operating results; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission ('SEC'), including our Annual Report on Form 20-F for the year ended December 31, 2023, which are accessible on the SEC's website at and on our website at Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking SONO GROUP N.V. Press: press@ | Investors: ir@ | LinkedIn: in to access your portfolio
Forbes
35 minutes ago
- Forbes
Cannes Lions Gathers Ad Business As WPP Media Report Flags Challenges
Brand marketing and management, branding or rebranding concept. 3d illustration of a magnifying ... More glass over golden and black words. As the ad industry kicks off the annual Cannes Lions Festival of Creativity, the sunny climate of the Cote d'Azur can't mask the storm clouds that surround many in the business. WPP Media's latest Global Midyear Forecast, This Year Next Year, certainly doesn't provide a completely dour forecast, but does highlight the gravity of challenges confronting marketers, agencies, publishers, and their employees. WPP Media itself has undergone a tumultuous last couple of years, including the recent announcement that Mark Read, CEO of WPP itself, is leaving the company. WPP Media, WPP's media buying arm, is still the world's largest media buyer, but it ditched the familiar GroupM brand name and folded leadership of its agencies, Mindshare, Wavemaker and EssenceMediacom, into one central organization. The reorganized company has announced layoffs and recently lost several significant clients to Publicis. Of course ad industry disruption is hardly limited to WPP Media. No matter the environment, WPP Media's new forecast provides a number of timely insights around the ad business today and its pathway forward, and I spent some time with its author, Kate Scott-Dawkins, Global President of Business Intelligence for WPP Media. The sweep of the midyear forecast, including its global geography, millions of measurable media data points, and perspectives on the latest developments in AI, provides what WPP Media aims to be 'a comprehensive view of advertising [today] The WPP Media midyear forecast projects 6% growth in total 2025 ad revenue. This isn't a bad number in the context of our current global political, cultural, and environmental upheaval. But it is a drop of 22% from WPP Media's predicted growth of 7.7% just six months ago, and the report downgrades its growth expectations going forward not only for 2025 but for the next five years as well. The report notes the 'increasingly opaque economic environment [in which] many marketers have appeared to take a wait-and-see approach.' That's hardly a formula for a robust upfront market for U.S. ad sellers. And traditional TV is hardly fertile ground for any rising tide of advertising, as cable TV network revenue fell nearly 7% between 2023 and 2024, undoubtedly one of the factors driving major ad sellers in the traditional TV world to restructure themselves. One of the aspects of This Year Next Year that has garnered a good deal of attention is the growth in creator-driven ad revenue relative to the traditional video and audio media outlets. Within the world of 'content-driven advertising revenue' (think most everything but search), WPP Media defines 'creator-driven' ad revenue as that appearing on YouTube and social media platforms, and projects that this category will total nearly $185 billion in 2025, for the first time surpassing ad revenue from TV (including streaming), which the report projects to hit roughly $162 billion this year. By 2030 WPP Media projects that this creator-driven ad revenue will top $376 billion globally. Wow - did traditional media need yet another challenging datapoint? The influencer/creator economy is hardly new, but its accelerating scale demonstrates its inextricable integration into the broad ad marketplace. The WPP Media report doesn't provide much light at the end of the tunnel of Big Tech's ad revenue dominance. According to the report, the top 25 global media owners, running from Google through U.S. media companies through China's Xiaomi Global, accounted for 70% of all ad revenues in 2024. And just five companies - Google, Meta (Facebook, Instagram and What's App), ByteDance (TikTok's owner), Amazon and Chinese e-commerce leader Alibaba - accounted for 54% of all ad revenues by themselves. Amazon alone ($55.9 billion) took in more in ad revenue than the combination of all five of the major U.S. media companies (Comcast, Disney, Paramount, Warner Bros. Discovery, and Fox). And looking forward, it's not going to get easier as WPP Media projects that the digital advertising share of ad revenues (think anything but traditional video and audio) will rise from 73% in 2025 to over 87% in 2030. There are no conversations about media, advertising or most anything else these days that don't touch on AI, so of course This Year Next Year had to provide insights on developments in that area as well. The challenge, as Scott-Dawkins noted, is 'how are you going to cover this momentous revolution in a way that feels comprehensive and not obsolete as soon as we published?' In search ad revenue, or what WPP Media here calls 'Intelligence Advertising,' the report sees 7.4% growth in 2025. But as the forecast notes this includes not just traditional Google-dominated search but 'answer engines' such as OpenAI, Perplexity, Google Gemini, Grok and Anthropic. The hope that ChatGPT and AI-driven platforms might weaken the Big Tech ad revenue stranglehold may be proving illusory. For better or worse, publishers have long been desperately dependent on traditional Google searches to drive clicks and traffic to their sites. Google's introduction of AI tools such as AI Overviews, obviating the need for consumers to click on Google's blue web links, has combined with increased AI-based searches to bring about declines in publisher site traffic over the last several years as much as 50% or higher. To paraphrase what Sally once told Harry: 'You can't take it back. It's already out there.' At least the Rose will be plentiful at Cannes Lions.
Yahoo
41 minutes ago
- Yahoo
Mediobanca's Banca Generali vote delay prevented possible defeat, sources say
By Gianluca Semeraro, Valentina Za and Giuseppe Fonte MILAN (Reuters) -Mediobanca's decision to delay the shareholder vote on its bid for Banca Generali prevented a likely defeat from shareholders who oppose the deal and have beefed up their holdings in recent weeks, four sources close to the matter said. On Sunday, Mediobanca said it would delay until September 25 the vote that had been scheduled for Monday. The proposed Banca Generali acquisition was announced in April as Mediobanca strived to fend off a takeover bid by state-backed Monte dei Paschi di Siena, or MPS. MPS is expected to formally launch its hostile offer for Mediobanca, one of many takeover bids reshaping Italian finance, in July. The bid was announced in January but several months are necessary for the all required authorisations. Were it to succeed, it would cast doubt over whether Mediobanca would be able to pursue the Banca Generali acquisition. Mediobanca CEO Alberto Nagel had bet on the Banca Generali deal as an alternative to the MPS project, hoping it would also make Mediobanca too big for the smaller rival to swallow. But Mediobanca shareholders looking to thwart the Banca Generali deal have accumulated an additional combined near 11% stake in the bank with their allies in the last few weeks, one of the sources said. That tilted the odds of Monday's vote against Nagel, prompting the board of the bank to opt to delay the shareholder meeting, the sources said, declining to be named because of the sensitivity of the issue. The deal risked lacking the support of some 40% of Mediobanca's capital, including also shareholders who would have abstained, a fifth source separately said. JUDICIAL PROBE Opposition to the deal is led by Francesco Gaetano Caltagirone who has increased his Mediobanca stake to 10% and 7%, and can count on the support of UniCredit CEO Andrea Orcel. UniCredit, which faces government opposition to its own bid for Banco BPM, held 1.9% of Mediobanca ahead of Monday's vote as part of its equity trading activity. By abstaining, it would have helped the "against" front. Nagel has long faced opposition by both Caltagirone and Mediobanca's biggest investor, Delfin, the holding company of late Ray-Ban billionaire Leonardo Del Vecchio. Delfin and Caltagirone became investors in MPS when the Italian Treasury in November sold a stake in the bailed out bank. That sale is being investigated by Milan prosecutors who are investigating how the process was handled. The sources said the vote postponement had also bought time to see how the criminal investigation unfolded. While Delfin Chairman Francesco Milleri has welcomed Nagel's efforts to promote change at Mediobanca, Caltagirone has criticised the Banca Generali deal saying he saw no value in it. The two are also some of the biggest shareholders in Assicurazioni Generali, Italy's biggest insurer, which owns private bank Banca Generali. By using its Generali shares as payment for the Banca Generali deal, Nagel hoped to win over Delfin and Caltagirone who have repeatedly criticised Mediobanca's influence over Generali. The three latest clashed in April when Generali shareholders picked a new board. At the time, following a last minute U-turn, UniCredit CEO Andrea Orcel sided with Caltagirone after amassing a 6.7% Generali stake. (Additional reporting by Giulio Piovaccari; editing by Barbara Lewis) Sign in to access your portfolio
