FTSE 100 Holds Steady Amid Central Bank Uncertainty

The FTSE 100 index remained steady above 10,800 points on Tuesday, as investors showed a preference for consumer and defence-related stocks.

The ongoing weakness in the global semiconductor sector has had only a marginal impact on the UK market, given its limited exposure to large-cap technology companies.

Market participants are focusing on energy prices ahead of this week's policy meetings by the Federal Reserve and the Bank of England. There is speculation that the Fed could opt for an interest rate hike in response to ongoing inflationary pressures.

UK investors are adopting a wait-and-see approach, digesting Monday's positive momentum while refraining from taking new positions before the central bank meetings.