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FTSE 100 flat as China capital flow restrictions hit banks; US jobs soften and SpaceX IPO nears

Market News
04 Jun 2026
Proactive Investors - Finance
View Source
Neutral
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The FTSE 100 index remained flat with notable falls in China-exposed banks Prudential, Standard Chartered, and HSBC due to Beijing's tighter capital flow restrictions. US markets showed mixed signals with a softening jobs market and tech stocks like Broadcom dropping sharply after earnings. CMC Markets surged on strong profits, while SpaceX confirmed a massive IPO targeting a $1.77 trillion valuation. Investors are cautious amid geopolitical tensions, potential UK political shifts, and upcoming major IPOs that could impact liquidity.

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