FTSE 100 Live: Stocks search for direction as energy markets react to US-Iran strikes

FTSE 100 is up 10 points to 10,507 as oil prices hit a 3-week high on renewed US-Iran strikes. Despite the geopolitical-driven rise in crude, the early market read is mixed (US open described as mixed), with stock-specific updates also appearing (Plus500, PageGroup, Oxford Nanopore posting numbers). Net near-term sentiment looks cautious/uncertain given the war headline versus a modest equity uptick.

Analysis

FTSE 100 is up 10 points to 10,507 as oil prices hit a 3-week high on renewed US-Iran strikes. Despite the geopolitical-driven rise in crude, the early market read is mixed (US open described as mixed), with stock-specific updates also appearing (Plus500, PageGroup, Oxford Nanopore posting numbers). Net near-term sentiment looks cautious/uncertain given the war headline versus a modest equity uptick.