FTSE 100 Closes Flat as DAX Outpaces London by 0.52%
As seen on the 24/7 Wall St. homepage on October 28, 2026.
- 🇬🇧 FTSE 100+0.04%
- 🇩🇪 DAX+0.52%
- 🇫🇷 CAC 40+0.11%
Germany did the heavy lifting again, with the DAX up 0.52% while London finished essentially flat. UK investors are pricing a Bank of England hike in November, and that gap is where European money is going.
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The FTSE 100 added just 6.4 points on the day, a gain of less than 0.05%. The index spent most of the session in negative territory before recovering in the afternoon.
Germany did the heavy lifting across European markets, with the DAX closing up 0.52% and the CAC 40 also ahead. Both continental benchmarks finished clearly ahead of London, pointing to a divergence in investor appetite across the region.
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UK investors are pricing in a Bank of England rate hike in November, and that expectation is keeping pressure on London-listed equities. Higher borrowing costs weigh on rate-sensitive sectors that carry significant weight in the FTSE 100, making the index a less attractive destination for European money right now.
London gave back its afternoon advance and faded into the close after a weak morning. The Bank of England's next policy decision is the event to watch for any follow-through in either direction.