FTSE 100 Live: London market called higher on ceasefire optimism

The FTSE 100 looks set to close the week on a positive note, with futures pointing to a gain of around 12 points at the open, building on Thursday’s 30-point rise to 10,589.

The mood was lifted overnight by Wall Street, where the S&P 500 and Nasdaq both notched fresh record closes. The Nasdaq rose 0.4%, the S&P 500 added 0.3%, and the Dow gained 0.2%, as investors continued to lean into risk.

The catalyst was geopolitical. President Trump announced a temporary ceasefire between Israel and Lebanon, easing tensions that have weighed on markets in recent weeks. Trump also struck a hopeful tone on US-Iran relations, despite last weekend’s talks ending without resolution.

The optimism has yet to reach Asia, however, where markets are broadly in the red. The Nikkei 225 in Tokyo is down 1.1%, the Hang Seng in Hong Kong has slid 1.2%, and Shanghai’s SSE Composite is off 0.2%. Seoul’s Kospi is down 0.6%, while Sydney’s ASX 200 closed marginally lower.