Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.57% on 06 march 2026. 

Macro Update: The UK economy is currently navigating a growth slowdown, with GDP projected at 1.1% for 2026. While inflation has eased to 3.0%, a softening labour market has pushed unemployment to 5.2%. Despite record house prices, manufacturing remains a bright spot as markets anticipate gradual interest rate cuts. 

Top Market Movers: Among top gainers on FTSE 100 index, Rightmove PLC (LSE: RMV) witnessed a rise of 3.15% followed by Autotrader Group PLC (LSE: AUTO) which gained around 2.54%. 

Commodity Update: The U.S. dollar held broadly steady in early Asian trade on Friday and remained on track for its strongest weekly gain in over a year as rising Middle East tensions lifted demand for safe-haven assets. Gold advanced 1.19% to USD 5,141.55, silver surged 2.74% to USD 84.42, and copper gained 0.58% to USD 13,004.50. Brent crude slipped 1.33% to USD 84.27 as the U.S. granted waivers allowing Indian refiners to continue buying Russian crude to ease supply pressures.    

Our Stance: The UK maintains a cautious stance, balancing cooling inflation against a softening labor market. While manufacturing shows resilience, the government adheres to strict fiscal rules despite record tax levels. Meanwhile, the Bank of England eyes rate cuts to stimulate growth as GDP remains sluggishly low. 

FTSE 100: The FTSE 100 gained 6.35 points (0.06%) to trade around 10,420.29, showing mild recovery after the recent pullback. The index continues to hold above its 50-day moving average near 10,318.51, indicating that the broader trend remains constructive despite short-term volatility. Momentum appears neutral, with the RSI around 46.04, suggesting balanced market conditions after easing from higher levels. On the downside, support is seen in the 9,940–10,300 zone, which could provide near-term stability. Meanwhile, resistance is placed around 10,900–11,200, marking the next area to watch if the index regains upward momentum. 

Source: Charts by EODHD/Others

You Are a Few Steps Away From Gaining Smart Market Insights

Sign up/Login Now and Gain Access to Exciting Opportunities from Investor and Resource Space!