Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading rose around 0.39 % on 27 February 2026. 

Macro Update: The UK economy shows resilience as the FTSE 100 hits record highs and private sector growth reaches a 22-month peak. However, a five-year unemployment high of 5.2% and cautious 3.75% interest rates highlight persistent structural pressures despite falling inflation. 

Top Market Movers: Among top gainers on FTSE 100 index, Rightmove PLC (LSE: RMV) witnessed a rise of 5.08% followed by Fresnillo PLC (LSE: FRES) which gained around 3.46%. 

Commodity Update: China’s central bank acted to moderate the yuan’s recent strength by removing foreign exchange risk reserves on select forward contracts, a step that may support dollar demand. Gold edged up 0.10% to USD 5,199.60, while silver climbed 3.24% to USD 89.78 and copper gained 0.36% to USD 13,347.30. Brent crude slipped 0.40% to USD 70.48 amid extended U.S.–Iran nuclear talks and rising Venezuelan oil sales.    

Our Stance: The UK economy is in a state of cautious transition, balancing a record-breaking FTSE 100 and resilient private sector growth against a five-year unemployment high of 5.2%. The official stance is one of guarded stability, with the Bank of England holding rates at 3.75% to ensure inflation sustainably reaches its 2% target. 

FTSE 100: The FTSE 100  is trading 56.19 points higher at 10,902.89, holding comfortably above the important 10,500 support zone, which continues to anchor the broader structure. The index remains positioned above its 21-day and 50-day Simple Moving Averages, preserving the prevailing upward tone while allowing room for near-term consolidation. Momentum remains elevated, with the RSI at 78.95, indicating stretched conditions despite easing slightly from recent peaks. On the downside, the 9,950–10,400 band acts as a key support area, while the 11,200–11,500 range marks the next resistance zone to monitor. 

Source: Charts by EODHD/Others

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