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Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume

Fifth Third Bancorp purchased a new stake in shares of iShares MSCI United Kingdom ETF (NYSEARCA:EWU) during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,504 shares of the company's stock, valued at approximately $570,000. A number of other hedge funds and

London's FTSE 100 gained on Monday as a pause in US-Iran hostilities over the weekend sent oil prices lower and improved risk sentiment across global markets. However, a sharp decline in energy stocks limited the broader advance.

Britain's FTSE 100 index rose on Friday, supported by gains in HSBC Holdings that lifted financial stocks. Investors also monitored rising oil prices and escalating tensions in the Middle East.

The FTSE 100 Index was little changed this week as investors assessed the escalating UK-Iran crisis, the ongoing US earnings season, and a series of key UK economic releases. Market participants digested the latest jobs, inflation, and retail sales data for July, all of which could influence the Bank of England's next policy decision.