The FTSE 100 traded ahead of the Nasdaq in the latest session, a move shaped more by index weighting than by the weekend policy pledge aimed at first-time buyers. Housebuilders rose, but the lift in the benchmark was driven mainly by Shell and HSBC, with Shell supported by firmer oil and HSBC linked to expectations of easier US–China relations. Barratt’s advance added just 2 points to the index despite its strong performance on the day.
Oil Market Movements
Oil extended its recovery but again struggled to sustain intraday highs, falling short of $100 for the second time this week. The market digested a lack of recent tanker and infrastructure attacks alongside indications that convoying in the Persian Gulf has become more effective, with the US Navy associated with improved protection. Further signs of supply improvements could weaken the case for the past week’s rebound.
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