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Highlights
FTSE 100 FTSE edged up as UK gears for diplomatic talks with Iran
European markets including DAX (^GDAXI) and CAC 40 (^FCHI) showed strength amid global uncertainty
Oil prices turned higher following supply concerns related to Middle East conflict
The FTSE 100 advanced on Friday as investors reacted to ongoing developments in the Middle East and diplomatic initiatives by Western powers. Market sentiment remained steady despite broader global volatility and concerning UK retail data. Stocks such as Melrose Industries (LON:MRO) and Standard Chartered (LON:STAN) were among the leading performers on London’s premier index.
The move in the FTSE aligned with gains across other European benchmarks including the FTSE 350, showing broad support for major UK equities.
European indices maintain upward trajectory
Germany’s DAX (^GDAXI) and France’s CAC 40 (^FCHI) continued to rise during the session, supported by investor focus on potential diplomatic resolutions. As tension in the Middle East remains elevated, the meeting in Geneva between UK, French, German, and Iranian officials emerged as a key geopolitical event of the day.
The STOXX 600 (^STOXX), a benchmark for regional European equities, also showed resilience, reflecting a stable outlook across the zone.
UK and EU initiate diplomatic dialogue with Iran
UK foreign secretary David Lammy is in Geneva for critical discussions with French and German counterparts, along with Iran’s foreign minister Abbas Araghchi. This meeting marks the first in-person talks between Iran and Western nations since the latest escalation between Iran and Israel began. The talks could shape geopolitical narratives in the coming days, affecting both energy and equity markets.
Oil prices edge higher on supply concerns
Energy markets saw renewed upward movement, with brent crude (BZ=F) and West Texas Intermediate (CL=F) turning positive. Volatility in oil prices followed growing uncertainty over supply routes in the Middle East. The pricing movement reflected broader concerns related to conflict escalation and the effects on global supply chains.
US markets open weaker as geopolitical caution persists
Across the Atlantic, US futures were lower, with the Dow (YM=F), Nasdaq (^IXIC), and S&P 500 (ES=F) all edging down in pre-market trading. A message from the White House press secretary confirmed that president Donald Trump would announce a formal stance within two weeks, contributing to cautious sentiment.
FTSE Dividend Stocks
Among the top gainers in the FTSE 100, Standard Chartered (LON:STAN) is notable for its inclusion in FTSE Dividend Stocks. Its performance on the day added to interest from income-focused market participants.
As markets continue to weigh economic data and geopolitical developments, the performance across major indices reflects a complex but cautiously optimistic trading environment.
