FTSE 100 Closes Up 0.7% While DAX and CAC 40 Run Ahead
As seen on the 24/7 Wall St. homepage on October 29, 2026.
- 🇬🇧 FTSE 100+0.71%
- 🇩🇪 DAX+1.59%
- 🇫🇷 CAC 40+1.40%
London finished green but kept less than half of the continent's gain, with the DAX up 1.6% and the CAC 40 up 1.4%. UK investors are paying for a Bank of England still sitting at 3.75% with a November tightening move on the table.
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The FTSE 100 closed 0.7% higher, a gain that left London trailing its continental peers by a meaningful margin.
The DAX closed up 1.6% and the CAC 40 up 1.4%, with the German and French benchmarks pulling away as the session progressed.
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The drag on UK equities traces to the Bank of England, still holding its rate at 3.75% with a November tightening move on the table. Higher-for-longer borrowing costs weigh on the rate-sensitive parts of the index in a way continental investors are not absorbing to the same degree.
The November Bank of England decision is the clearest near-term catalyst to keep an eye on. If policymakers tighten again, the gap between London and the continent widens further.