Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

FTSE 100 opens the week at 10,490 as investors focus on geopolitics and UK politics

The FTSE 100 opened the week at 10,490 points as investors watched US-Iran negotiations and the UK political backdrop.

written by

Andreas Lipkow

Chief Market Analyst

29 Jun 2026, 08:00

The FTSE 100 began the new trading week at 10,490 points, with investors in the UK focused on two key themes. The first is the progress of negotiations between the United States and Iran, which continues to shape global risk sentiment and energy markets. The second is the domestic political landscape, where attention is turning to the leadership ambitions of Andy Burnham.

In a closely watched speech later today, the Labour leadership contender is expected to outline his economic agenda and present plans aimed at strengthening the UK economy. While the announcement may generate short-term market interest, its immediate impact on the broader equity market is likely to remain limited.

Overall, the FTSE 100 is expected to trade within a relatively narrow range, with market activity reflecting the quieter conditions typically seen during the summer trading season.

DAX turns positive despite another US inflation shock

The DAX turns positive despite a sharp rise in US producer prices. Resilient retail sales and labour market data give the Federal Reserve scope to act, while investors favour defensive stocks.

FTSE 100 moves higher as strong UK economic data boosts sentiment

The FTSE 100 rises to around 10,760 as stronger UK GDP and production data lift sentiment. Investors now turn to US producer prices for further clues on inflation.

DAX under pressure as investors run out of patience

Hotter-than-expected US inflation, doubts over the AI rally and disappointing bank earnings are weighing on the DAX. Investors await US jobs, producer price and retail sales data, with a trading range of 24,900 to 25,350 points in focus.