The UK’s FTSE 100 exhibited minimal movement on Tuesday as investors processed a series of corporate announcements in anticipation of U.S. inflation figures, while energy stocks experienced gains due to supply concerns associated with Iran and Venezuela. The blue-chip FTSE 100 was flat at 10,140.78 points as of 1006, following a record close in the prior session. The domestically focused mid-cap index was down 0.22%.

The markets were poised for a significant U.S. inflation report that has the potential to influence global interest rate expectations and overall risk sentiment. Consumer prices are anticipated to have increased in December, following a prior subdued reading influenced by distortions stemming from the government shutdown. The FTSE 350 Oil & Gas index rose 1%, with BP and Shell gaining about 1% each. Oil prices rose amid apprehensions regarding diminished exports from Iran and Venezuela. Media, beverages, and real estate stocks also advanced as investors leaned into income and rate-sensitive sectors ahead of the inflation data.

Precious metals and mining index fell 1.5%, following a rise of approximately 6% in the previous session. Investors were anticipating comments from Bank of England Governor Andrew Bailey, expected as early as Tuesday, for possible indications regarding the monetary policy trajectory. In December, UK inflation expectations decreased to 3.6%.

However, Citi indicated that this decline may not entirely alleviate the concerns of Bank of England policymakers regarding inflation remaining above the 2% target. Shares of Raspberry Pi were down 6% after the single-board computer maker indicated that its 2026 outlook was clouded by volatility in the supply and price of memory. Whitbread opened new tab was up 4.8%, leading individual gains on the FTSE 100 index, after the hotel operator said it expects a lower-than-anticipated hit from business rate hikes announced in the UK’s autumn budget.