Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.89% on 02 march 2026. 

Macro Update: As of March 2026, the UK economy shows a fragile 1.2% recovery driven by a resilient services sector and cooling inflation, which fell to 3.0% in January. While the Bank of England maintains a 3.75% base rate, rising unemployment at 5.2% highlights ongoing labor market pressures and fiscal caution. 

Top Market Movers: Among top gainers on FTSE 100 index, BAE PLC (LSE: BA.) witnessed a rise of 5.82% followed by Shell PC (LSE: SHELL) which gained around 3.66%. 

Commodity Update: Safe-haven demand intensified on Monday after escalating tensions in the Middle East unsettled global markets. The euro weakened while the U.S. dollar strengthened, and the Swiss franc advanced as risk aversion deepened. Gold climbed 2.25% to USD 5,367.70, while silver gained 1.44% to USD 94.64. Copper edged down 0.07% to USD 13,360.00. Meanwhile, Brent crude surged 7.37% to USD 78.24, reaching multi-month highs amid supply disruption concerns.    

Our Stance: The UK's current stance is a "cautious pivot" toward monetary easing while maintaining fiscal restraint. The Bank of England aims to balance cooling inflation against a loosening labor market. Meanwhile, the government prioritizes "mission-led" supply-side reforms in planning and energy to stimulate stagnant productivity and long-term growth without reigniting price pressures 

FTSE 100: The FTSE 100 is trading 111.88 points lower at 10,798.67, yet remains well above the key 10,500 support zone that underpins the broader structure. The index continues to hold above its 21-day and 50-day Simple Moving Averages, maintaining a constructive bias while leaving scope for short-term consolidation. The RSI at 68.51 signals elevated momentum, though it has moderated from recent highs. Immediate support is placed in the 9,950–10,400 band, while resistance is seen between 11,200–11,500. 

Source: Charts by EODHD/Others

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