Investors are also seeking safe havens due to recent turbulence in U.S. markets, evidenced by a more than 4% drop in the S&P 500 in April. The FTSE 100 is viewed as a hedge against this volatility due to its composition of value-oriented sectors like oil and mining. 

The broader market sentiment was buoyed by Apple's announcement of a $110 billion share buyback program, reflecting confidence in its financial health and future prospects.

In other corporate news, Anglo American's stock surged by 3.2% following reports of Glencore considering an acquisition, potentially sparking a bidding war. This news also lifted metal miners.

Additionally, Diageo announced the appointment of a new chief financial officer, Nik Jhangiani, contributing to a 1.1% rise in its shares.

Mondi, a paper-and-packaging firm, reported a decline in earnings for the first quarter of 2024, which aligned with expectations. The company was adversely affected by the devaluation of the Egyptian pound, However, it remains optimistic about future demand and its ongoing investment projects.

Investors are awaiting upcoming economic data releases, especially the U.S. nonfarm payrolls due later today. Central banks in Australia, Britain, and Sweden are set to meet next week.

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