FTSE 100 dips as oil stays above $115, tech shares rise on Anthropic IPO filing

London's FTSE 100 index was set to decline on Tuesday as Brent crude traded above $115 a barrel. The price stability came as diplomatic talks in the Middle East aimed to limit further escalation of the U.S.-Iran conflict, a topic that has featured in statements by President Donald Trump ahead of the upcoming U.S. midterm elections.

In contrast, Asian markets rose after AI company Anthropic filed for an initial public offering, boosting investor sentiment ahead of several technology earnings reports scheduled for the week.

"The IPO filing reflects strong interest in AI-driven businesses and could influence market dynamics," said a spokesperson for Anthropic.

Analysts noted that the mixed movements in commodities and technology sectors highlight ongoing uncertainty about geopolitical developments and corporate earnings outlooks.