FTSE 100 Index slips as IAG, Lloyds, EasyJet, Rolls-Royce shares tumble

The FTSE 100 fell nearly 1% on Monday to 10,600 from last week's high of 10,717 after the closure of the Strait of Hormuz triggered a broad global risk-off move. The decline reflects geopolitical shock rather than company-specific fundamentals, implying higher volatility across equities and other risk assets.

Analysis

The FTSE 100 fell nearly 1% on Monday to 10,600 from last week's high of 10,717 after the closure of the Strait of Hormuz triggered a broad global risk-off move. The decline reflects geopolitical shock rather than company-specific fundamentals, implying higher volatility across equities and other risk assets.