The FTSE 100 index rose on Monday, March 30, 2026, driven by strong performances in the mining and energy sectors. The blue-chip index was up 0.6% by 09:21 GMT, while the FTSE 250 fell 0.5%. This move was supported by firmer commodity prices, even as investor sentiment remained cautious with the Middle East conflict entering its fifth week.
Mining and energy stocks provided the primary boost. Rio Tinto climbed 3.5% after resuming operations at three of its four Pilbara iron ore port terminals following Tropical Cyclone Narelle. The energy sector rose 1.4% to a record high, buoyed by elevated crude prices, with Brent crude headed for a record monthly gain.
Geopolitical tensions continue to cap broader market optimism. The Israeli military reported Iran launched multiple waves of missiles at Israel, while an attack was also launched from Yemen. This ongoing conflict has negatively impacted travel and leisure shares, which fell 1.1% and are set for double-digit monthly losses due to fuel-cost fears and disrupted flight routes.
Looking ahead to April 2026, three key catalysts are expected to drive the FTSE 100: corporate earnings, central bank decisions, and the evolution of the US-Iran war. Major UK companies like Tesco, Associated British Foods, BP, Barclays, and AstraZeneca are scheduled to report earnings throughout the month.
Monetary policy from the Bank of England (BoE) and the U.S. Federal Reserve will be closely watched. The BoE's interest rate decision is due on April 30, with the Fed's following on April 29. Economists expect both central banks to leave rates unchanged as they grapple with persistent inflation. UK data shows gas prices jumped 18% in March and 82% year-to-date, while headline CPI remained at 3.0% in February.
Finally, the ongoing US-Iran war poses a significant risk, with Iran's control of the Strait of Hormuz and links to Houthi forces in Yemen threatening further disruption to global oil supplies and shipping routes, which could pressure global stock indices.
