Daily Stock Market Report (Tue 3rd March 2026) - SNX, ABDN, KLR, GRG, ITRK, RCH
Morning!
The FTSE finished down by 1.2% yesterday as the conflict continued to develop across the Middle East. It closed at 10,780.
This morning, as of 7am, futures are trading as follows:
FTSE futures down 0.6% at 10,680 (update at 8.20am: now down 1.4% at 10,600).Samp;P 500 futures down 0.9%US crude oil up another dollar at $73GBP/USD closed at 134.8 on Friday before the conflict began, and is currently at 133.5.
Market update
11.30am update: the FTSE has continued to slip and is now down by 2.5%. A day for those with strong constitutions!
On a day like today, I always zoom out and remind myself of the bigger picture. Year-to-date, the FTSE is still up by over 5%. So I am still very much of the view that this is a "blip" from a long-term perspective, although of course all bets are off if military activity becomes more intense and drags in more participants.
The key for investors is always to find a strategy that aligns with your risk appetite (and other personal constraints). I tend to be fully invested, although as it happens I do have some dry powder at the moment. And I'm in no rush to spend it! When markets are scared, having even a small amount of...