Global Macro & FTSE Wrap: Market Resilience Amid Oil Shocks and Sticky Inflation

index Update: The FTSE 100 index, a key benchmark index for the London Stock Exchange, was trading rose around 0.31% on 08 June 2026.  

Macro Update: Global growth stalls near 2.7% as geopolitical tensions keep crude high at $91, driving sticky 4% Inflation. Consequently, central banks have paused Interest Rate cuts, strengthening the US dollar. Concurrently, a tech stock pullback over high AI valuations has lowered chipmaker shares, while Bitcoin has dropped toward the $61,000 mark. 

Top Market Movers: Among top gainers on FTSE 100 index, British American Tobacco PLC (LSE: BATS) witnessed a rise of 2.38% followed by Autotrader Group PLC PLC (LSE: AUTO) witnessed a rise of 1.49%. 

Commodity Update: The U.S. dollar climbed to a near two-month high on Monday and ended the week higher, supported by resilient labor market data and persistent geopolitical tensions in the Middle East, which reinforced expectations that interest rates could remain elevated. Gold declined 0.70% to USD 4,335.40, while silver dropped 2.21% to USD 67.59. Copper gained 0.57% to USD 13,585.30. Brent Crude oil surged 2.60% to USD 95.49 amid escalating tensions between Iran and Israel. 

Our Stance: Navigating sticky inflation, tight policy, and broken trade routes, we maintain a highly selective macro strategy. We counter global headwinds by targeting high-growth AI tech Supply chains and capitalizing on localized Manufacturing strength in key semiconductor nations like Taiwan and South Korea. 

FTSE 100: The FTSE 100 Index traded near 10,363.80, remaining slightly below its 50-day SMA of 10,411.98, reflecting a neutral-to-cautious near-term technical structure. Recent price action suggests consolidation around current levels as the index attempts to stabilize following recent Volatility. The 14-day RSI stood near 49.22, hovering just below the neutral 50 mark and indicating balanced momentum conditions. Immediate support is seen near 10,260.16 and 10,156.52, while resistance levels are located around 10,467.44 and 10,571.08. A sustained move above resistance could improve the near-term outlook, while a break below support may invite additional downside pressure.