UK Indices Hit New Highs as Tech Rally Pauses; Iran Deal Awaited
UK equity benchmarks reached fresh record levels on Monday, while the global technology rally showed signs of stalling. Investors are focusing on the progress of negotiations over Iran's nuclear deal.
FTSE100
UK stock indices climbed to new peaks during the session, extending their recent gains. The move came amid a broader pause in the technology sector, where shares have been on a strong upward run.
The market's attention is turning to the potential confirmation of the Iran nuclear deal, which could have significant implications for energy prices and global geopolitics. While the start of the day appeared quiet, underlying activity suggests traders are positioning for further developments.
Source: FXStreet Forex News