Overnight, the Bank of Japan's decision to maintain its interest rates. It also announced plans to reduce its purchase of Japanese Government Bonds over the next one to two years, marking a cautious step away from its ultra-loose monetary policy. The central bank had previously raised rates in March for the first time since 2007.

Meanwhile, the BoE is expected to signal that lower borrowing costs will be a matter for the next government, likely dashing any hopes for a pre-election interest rate cut

Among stocks, Tesco reported a 4.6% rise in underlying quarterly sales in its home market and reiterated its guidance, stating it is "well positioned" for the rest of the year. The board will also face questions about CEO Ken Murphy's nearly £10 million pay package at its annual meeting.

Homebuilder Crest Nicholson rejected a £650 million revised unsolicited proposal from rival Bellway, stating the offer "significantly undervalued" the group. 

In other news, industry executives expressed disappointment over the lack of radical measures to address the UK's housing shortage in the election manifestoes of both major parties. Oil prices eased as markets assessed the impact of U.S. interest rates remaining higher for longer than anticipated. Nickel prices in London rose slightly but were on track for a fourth consecutive weekly decline due to rising inventories.

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