
Footsie steadies on defensive tilt as Middle East turmoil unfolds
Amid Middle East tensions, the FTSE 100 acts defensively and benefits from exposure to defense, energy, and mining stocks, helping it hold up better than continental peers; however, a prolonged spike in gas prices could weigh on the UK economy and gilts, while a weaker pound often boosts Footsie earnings due to many revenues being dollar-denominated.





