Investing.com -- British stocks remained unchanged on Thursday as oil prices surged on Strait of Hormuz supply worries and higher bond yields weighed on miners.
The FTSE 100 was up 0.03% as of 09:02 ET (13:02 GMT), having touched 10,364.50, its lowest intraday since June 23.
Germany's DAX was down 0.76%, while France's CAC 40 pared losses to 0.32%. Sterling was steady at $1.3201, down 0.16%.
Financials and miners led the declines, with Standard Life down 3.8%, while Endeavour Mining 2.6%, Antofagasta dropped 2.5%, and Fresnillo 1.6%.
Silver fell 1.8%, LME aluminium 1.9% and nickel 0.25%, while copper was down 0.35%.
Brent futures rose 4.6% to $104.77 a barrel and WTI gained 4.8% to $92.45.
Gold futures added 0.07% to $4,143 an ounce; spot gold rose 0.16% to $4,118.26.
Iran will respond to a U.S. peace proposal "within the next few days", Foreign Minister Abbas Araghchi said, per Tasnim, with messages exchanged via mediators after Tehran's "seven-day plan."
U.S. President Donald Trump told a San Antonio campaign rally that "the deal isn't really something that I want to do," NBC reported Washington rejected an Iranian offer to reopen the strait for sanctions relief, and The Atlantic said Trump sought strike options before the Nov. 3 midterms.
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Hormuz transits fell to a two-month low, Kpler said, at seven vessels on Tuesday and 10 on Wednesday versus over 20 on Sunday and Monday.
A White House official told Al Jazeera the strait was open, with "dozens of millions of barrels of oil" escorted out daily, at odds with Kpler's data.
The Houthis said they attacked King Khalid International Airport with ballistic missiles; Al Jazeera reported at least three deaths from attacks on it and Abha airport.
Yemen's government said its army killed 1,860 Houthi fighters since launching its "Dawn of Yemen" offensive, and fighting intensified in Taiz near Bab al-Mandeb.
U.S. 10-year yields rose to 5.329%, near a 52-week high of 5.366%, while UK 30-year gilt yields hit a fresh 52-week high of 6.047% before easing to 5.997%.
ING's Michiel Tukker said the Treasury yield passing 5% lifted U.S. volatility, "a key driver behind the moves in euro rate volatility," and expects it "to remain elevated for the coming months, at least."
UK round up
Tescoraised the lower end of its full-year profit forecast after first-half operating profit rose 6.5% and lifted its share buyback to £950 million.
Imperial Brandsreaffirmed its full-year outlook and announced a new £1.5 billion buyback as growth in next-generation products offset weaker cigarette sales.
Unite Groupreported a 4% quarterly decline in the value of its main student accommodation fund and expects to sell £300 million to £400 million of assets this year.
Original Article
FTSE 100 today: Stocks flat as oil surge, rising yields weigh
U.S. stocks open in the red as oil prices surge, bond rout powers on
