FX.co ★ FTSE 100 Attempts Rebound on Monday

The FTSE 100 experienced a slight uptick on Monday, bouncing back from a 0.4% decline observed on Friday, as investors eased off from risk-averse strategies despite the ongoing tensions between Israel and Iran. The markets seemed less apprehensive about the possibility of a broader conflict, with traders increasingly anticipating that the hostilities would not escalate. Entain led the gains, soaring as much as 7.5% to reach a six-month high following an upward revision of its guidance for the US-based BetMGM unit. Additionally, oil giants BP and Shell boosted the index, rising by 1.7% and 1.5%, respectively, driven by high energy prices. As the week progresses, market participants are preparing for significant central bank decisions, with policy announcements expected from the Federal Reserve, the Bank of Japan, and the Bank of England.