FTSE 100 Opens Flat as DAX Leads European Losses
As seen on the 24/7 Wall St. homepage on October 28, 2026.
- 🇬🇧 FTSE 100-0.04%
- 🇩🇪 DAX-0.22%
- 🇫🇷 CAC 40-0.08%
London barely budged at the open, down 0.04%, while Frankfurt carried the losses with the DAX off 0.22%. UK traders are sitting on their hands with the Bank of England rate path still unresolved.
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The FTSE 100 slipped just 6.3 points at the open on October 28, settling at 14,213, a sign that London traders are deliberately standing still.
The DAX is doing the heavier lifting on the downside, off 0.22% at the open while the FTSE edged lower. That divergence points to a specific domestic overhang in London rather than broad European risk sentiment.
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That overhang is the Bank of England's rate path, which remains unresolved. Until there is clarity on whether the MPC is done cutting or has more room to move, UK-focused traders have little incentive to add exposure at current levels, and the flat open reflects exactly that wait-and-see posture.
The index climbed steadily from around 14,075 to above 14,500 before pulling back toward its current level, giving up a meaningful portion of a recent run. Whether today's stillness is consolidation or the start of a deeper retreat depends largely on what the Bank of England signals next.