FTSE 100 Live: Builders and gold miners drag as Trump Iran deal awaited

• FTSE up 41 points at 10,477

• Oil and state prices stay elevated 

• Pres Trump acceptable a 1am GMT deadline for Iran deal

Stock markets are reasonably "steady", says marketplace expert Dan Coatsworth at AJ Bell, who sees investors a "largely non-committal arsenic they await the evident cliff-edge deadline imposed by the Trump administration".

President Trump’s threats of widespread strikes connected Iran's civilian infrastructure if the Strait of Hormuz is not reopened by 1am GMT "if taken astatine look value, create the conditions for a binary set of outcomes", helium says.

"Either determination is simply a climbdown connected the portion of Washington oregon Tehran, which could punctual a large rally in equities and easing of vigor prices, or a large escalation with each the implications that mightiness person for financial markets.

"An alternative scenario is that the deadline is extended, and the markets look different uneasy play of trying to gauge the latest temper music in the US and Iran."

With lipid prices hovering astir the $110 per tube mark, Coatsworth says it is "striking however far energy markets are from pricing successful a dampening down successful Middle East tensions", portion golden is retreating connected continued spot successful the dollar and the imaginable for involvement complaint hikes, factors which helium says outweigh immoderate safe-haven attractions during the existent crisis.

UK caller car registrations roseate 10.1% year-on-year successful March, down from maturation of 17.6% successful February.

This is portion of the caller information shared by the industry's lobbying body, the Society of Motor Manufacturers & Traders (SMMT), which shows that full registrations, which also includes concern and fleet sales, roseate 6.6% successful March, up from a 7.2% summation successful February.

It was the champion ever period for artillery electrical conveyance sales, with BEV volumes up 24.2% to a grounds precocious of 86,120 registrations.

Total BEV and hybrid income deed 196,059. This was a marketplace stock of 22.6%, inactive good beneath the government's mandated people for the twelvemonth of 33%.

Despite rising EV volumes, the SMMT said conditions person "diverged sharply from those assumed erstwhile the mandate was set", with artillery costs up implicit 30% much than expected and concern vigor prices astir 80% supra 2021 levels, with immoderate nationalist charging costing implicit 140% much than it did 5 years ago.

SMMT brag Mike Hawes says an "urgent reappraisal of the modulation is required to unafraid a sustainable market, economical maturation and the UK’s nett zero ambitions".