Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.20% on 09 April 2026. 

Macro Update: UK macro conditions in April 2026 are defined by resurgent inflation at 3.3%, driven by Middle East energy shocks. While the services sector shows record growth, high interest rates of 3.75% and rising unemployment (5.2%) weigh on consumers. New labour rights and a £12.71 minimum wage offer support amid cooling GDP. 

Top Market Movers: Among top gainers on FTSE 100 index, BP PLC (LSE: BP.) witnessed a rise of 2.49% followed by DCC PLC (LSE: DCC) witnessed a rise of 2.01%. 

Commodity Update: The U.S. dollar remained under pressure on Thursday following broad weakness, as investors closely monitored whether the fragile two-week ceasefire between the United States and Iran would continue. Precious metals moved lower, with gold declining 0.79% to USD 4,740.10 and silver falling 1.98% to USD 73.91. Copper also slipped 0.47% to USD 12,634.00. Meanwhile, Brent crude oil climbed 2.57% to USD 97.10 amid continuing Strait of Hormuz disruptions and renewed Middle East tensions. 

Our Stance: The UK government remains focused on economic stability and growth, balancing resurgent inflation at 3.3% with expanded worker protections. By implementing the £12.71 living wage and the Employment Rights Act, they aim to boost productivity and living standards, while maintaining fiscal discipline to navigate global energy-driven shocks and high debt. 

FTSE 100: The FTSE 100 Index is currently near 10,582.57, down around 0.25% in the session, but it continues to remain above both its 21-day moving average near 10,232.96 and 50-day moving average near 10,379.59, indicating that the broader price structure remains constructive. Recent price action shows the index rebounding sharply after the March decline and moving back above its shorter-term averages. The RSI near 60.43 reflects improving momentum, although the latest move appears to be moderating after the recent rebound. On the downside, the 10,380.00–10,230.00 zone may continue to act as an important technical area, while a move above 10,650.00 could open the way toward the 10,800.00 region. 

Source: Charts by EODHD/Others

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