Caught the UK market today and it's pretty cautious out there. FTSE 100 barely budging, up just 0.08% to 10,575 points - you can feel traders holding back while watching what's happening in the Middle East. That whole airspace closure situation is hitting travel stocks hard, carriers cancelling thousands of flights. The mood is definitely cautious across the board.

Some decent winners though. Rentokil Initial jumped nearly 12% on better annual profits, Admiral Group popped 4% with record results despite rough economic conditions. Entain and Weir Group both climbing over 4% too. But not everything's flying - Reckitt Benckiser dropped 5% after keeping revenue targets flat, and Aviva slipped 3% even after hitting profit targets.

Interesting data came out - UK construction activity actually contracted more than expected in February, PMI fell to 44.5. On the flip side, new car sales were surprisingly strong, up 7.2% year-on-year to 90,100 units, best February in 22 years. So mixed signals. The cautious sentiment makes sense when you've got construction weakness and geopolitical uncertainty, even with some bright spots in consumer demand.