UK House Price Growth Cools Ahead of Budget:

Image Source : Krish Capital Pty Ltd

Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading up around 0.24% up on 07 October 2025.  

Macro Update: British house prices rose 1.3% YoY in September, marking the slowest pace since April 2024 and missing expectations of 2.2%. On a monthly basis, prices fell 0.3%, reflecting rising caution amid tax and economic uncertainty ahead of the November budget. Analysts noted that growth has slowed sharply from the 4–5% annual gains seen in late 2024. Tesla will reveal a more affordable Model Y SUV on October 7 to revive sales and market share amid rising EV competition. The model, based on current platforms, follows Elon Musk’s scrapped $25,000 EV plan. Short teaser clips on X have fueled speculation ahead of the announcement. 

Top Market Movers: Among top gainers on FTSE 100 index, Rentokil Initial PLC (LSE: RTO) witnessed a rise of 3.32% followed by Imperial Brands (LSE: IMB) which gained around 2.73%. 

Commodity Update: The yen fell to a two-month low against the dollar as the focus in Japan shifted to the potential cabinet lineup under fiscal dove Sanae Takaichi following her party leadership win. Gold rose 0.31% to $3,988.00, while silver slipped 0.12% to $48.38 and copper gained 0.38% to $10,686.80. Brent crude inched up 0.02% to $65.48 amid concerns about weak demand and expectations of limited OPEC+ output increases. 

Our Stance: Global markets steadied as turmoil in France, Japan, and the U.S. eased. French assets stayed weak post-PM resignation, Japan’s new pro-stimulus leadership lifted sentiment, and rate-cut hopes offset shutdown worries. OpenAI announced new collaborations with Spotify, Zillow, and Mattel, highlighting its push into enterprise AI. CEO Sam Altman unveiled new tools enabling ChatGPT integration within partner apps, enhancing automation and user interactivity.  

FTSE 100 

The FTSE 100 is trading at 9,488.61, up 0.10%, and continues to hold firm above key support at 8,900, as well as the 50-day SMA at 9,231.03. It also remains above the 21-day SMA at 9,302.73, indicating limited upside momentum and potential consolidation ahead. The RSI, positioned in the overbought zone, reflects a mildly positive bias. Immediate support is seen at 8,950, while resistance levels are placed at 9,500 and 9,800. 

Source - EODHD/Others