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The FTSE 100 traded in a narrow range as investors weighed rising odds of a US-Iran deal in the Middle East against weak HSBC earnings. The index's muted move suggests the news was more of a sentiment headwind than a major catalyst. Overall tone remains cautious and uncertain, with geopolitics and bank earnings both limiting risk appetite.

Analysis

The FTSE 100 traded in a narrow range as investors weighed rising odds of a US-Iran deal in the Middle East against weak HSBC earnings. The index's muted move suggests the news was more of a sentiment headwind than a major catalyst. Overall tone remains cautious and uncertain, with geopolitics and bank earnings both limiting risk appetite.