index Update: The FTSE 100 index, a key benchmark index for the London Stock Exchange, was trading rose around 0.15% on 15 April 2026. 

Macro Update: The UK economy is stalling, with growth forecasts recently cut to 0.8% due to Middle East tensions. Inflation remains sticky at 3.0%, prompting the Bank of England to hold rates at 3.75%. Meanwhile, Unemployment has hit a five-year high of 5.2%, as rising energy costs pressure Manufacturing and services. 

Top Market Movers: Among top gainers on FTSE 100 index, Entain PLC (LSE: ENT) witnessed a rise of 2.90% followed by Convatec Group PLC (LSE: CTEC) witnessed a rise of 2.35%. 

Commodity Update: The dollar remained largely flat on Wednesday as investors weighed the possibility that peace talks between the United States and Iran could resume, potentially easing Supply disruptions caused by the closure of the Strait of Hormuz. Risk appetite was also supported by a cooler-than-expected U.S. producer Inflation report. Gold slipped 0.18% to USD 4,842.15, while silver gained 0.50% to USD 79.96. Copper edged up 0.01% to USD 13,284.00, and Brent Crude advanced 0.51% to USD 95.41 per barrel. 

Our Stance: The UK government maintains a stance of fiscal prudence under Chancellor Rachel Reeves, prioritizing stability amid global shocks. The strategy focuses on "securonomics"—targeted support for the vulnerable and Investment in sectors like AI and clean energy to drive long-term, resilient growth. 

FTSE 100: The FTSE 100 index is trading near 10,608.62, little changed in the session, and continues to remain above both the 21-day SMA near 10,284.85 and the 50-day SMA near 10,410.20, indicating that the broader upward structure remains intact. However, prices are still below the recent peak near the 10,900 zone, suggesting that near-term momentum has moderated following the earlier rally. The chart continues to show a pattern of higher lows, while the 14-day RSI near 61.18 points to balanced momentum with room for further upside. Immediate support is placed in the 10,410.00–10,285.00 zone, while resistance is seen near the 10,800.00–10,900.00 range. 

Source: Charts by REFINITIV

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