FTSE 100 to Extend Gains as Relief Rally Halts Elsewhere

UK’s FTSE 100 is poised to extend gains in April 2026, defying broader market pullbacks as geopolitical tensions ease and investors seek haven in undervalued British equities. Global markets show mixed signals, with a relief rally stalling elsewhere amid lingering Middle East tensions and uncertainty over U.S. monetary policy shifts. Oil prices fluctuate as Iran-related supply risks persist, while gold holds steady near record highs, reflecting safe-haven demand amid geopolitical instability. The pound stabilizes against the dollar after recent volatility, with bond yields rising as traders reassess Bank of England rate-cut expectations. U.S. equities face pressure from hawkish Fed signals, contrasting with the FTSE’s resilience, driven by strong energy and defensive stock performance.