UK FTSE 100 Eyes Record-High Close for First Time in a Year.

The UK's FTSE 100 index reached an all-time high, boosted by defense-related stocks and optimism about potentially lower interest rates. The index closed at 8,015.63 points, surpassing its previous record closing peak of 8,014.31 in February 2023. This growth was driven by energy stocks as crude futures reached their highest level since October and UK exporters benefiting from a weaker pound. The FTSE 100 has been a laggard compared to other European indexes, with weakness in commodity sectors holding it back.

April 02, 2024
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