{"id":135506,"title":"FTSE 100 extends recovery as hopes of Iran deal grow","publisher":"Share Talk","author":"sharetalk","published":"2026-05-07T06:38:39+00:00","modified":"2026-05-07T06:38:39+00:00","canonical_url":"https://www.share-talk.com/ftse-100-extends-recovery-as-hopes-of-iran-deal-grow/","markdown_url":"https://www.share-talk.com/ftse-100-extends-recovery-as-hopes-of-iran-deal-grow.md","json_url":"https://www.share-talk.com/ftse-100-extends-recovery-as-hopes-of-iran-deal-grow.json","category":"Blogs","categories":["Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","Wall Street","Wellington"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/FTSE-100.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"London stocks are set for a firmer open on Thursday following the previous session’s strong rally, as optimism over a potential US-Iran agreement continues to support global risk sentiment.\n\nFutures indicate the FTSE 100 will open around 0.1% higher after surging nearly 220 points on Wednesday to close at 10,438.66.\n\nInvestor sentiment remained supported by reports that the US and Iran are close to agreeing on a preliminary framework to end the conflict and pave the way for broader nuclear negotiations. Asian markets rallied overnight, with major regional benchmarks climbing between 2% and 3% in catch-up trading.\n\nOil prices were relatively stable, with Brent crude holding just below $102 per barrel after rebounding modestly from the previous session’s sharp decline.\n\nAmong corporate developments, BP was in focus after reports that the US extended a licence allowing the company to continue managing payments involving sanctioned Iranian and Russian partners linked to a gas project in Azerbaijan.\n\nMeanwhile, Intertek is reportedly preparing to reject a revised takeover proposal from private equity group EQT valuing the business at £58 per share.\n\nCommodity markets were mixed, with gold rising for a third consecutive session amid a softer US dollar, while copper prices eased after the previous day’s rally.\n\nSeveral major London-listed companies, including Glencore, RELX and Admiral Group, will trade ex-dividend on Thursday."}