US EditionUK's FTSE 100 Closes Above 10,000 for First Time on Mining, Defence Gains
The FTSE 100 hit a record close of 10,004.57 as defence and mining stocks rose amid geopolitical tensions in Venezuela, marking a 0.54% gain on the day.
- On Monday the FTSE 100 closed at 10,004.57, marking the first finish above 10,000 after peaking at 10,009.35 around 16:25.
- Geopolitical turmoil in Venezuela prompted markets to react as deposed Venezuelan president Nicolas Maduro was seized in Caracas on Saturday and arrived at a New York court on Monday, according to analysts.
- In London defence contractors Babcock International and BAE Systems jumped 5.8% and 5.5%, while gold rose to 4,441.79 dollars an ounce and miners like Endeavour Mining and Fresnillo climbed 6.1% and 4.3%.
- The rally follows a standout year when London's top tier rose 21.5%, with the FTSE 250 index and AIM All-Share index finishing higher, indicating broad market strength.
- International market moves suggest JPMorgan analyst Natasha Kaneva warned a Venezuela regime change poses one of the largest upside risks to global oil supply for 2026-27, while Chevron and Exxon Mobil rose 5.2% and 2.3% on US prospects.
15 Articles
15 Articles
FTSE 100 Breaks 10,000 Barrier Amid Global Market Rally
The UK's FTSE 100 surpassed the 10,000 mark for the first time, fueled by gains in precious metal miners and defense stocks. Geopolitical events, notably the capture of Venezuela's Nicolás Maduro, contributed to this milestone, amid strong performances in commodity sectors. Investors also saw fluctuations in energy stocks.
Ftse 100 closes above 10,000 points for the first time in history of blue-chip share index
The Ftse ( Financial Times Stock Exchange) 100 stock market index has closed above 10,000 points for the first time on record in a major win for Britain's economy going into 2026
UK's FTSE 100 closes above 10,000 for first time on mining, defence gains
The UK's FTSE 100 closed above the 10,000 mark for the first time on Monday, supported by gains in precious metal miners and in defence stocks after the U.S. capture of Venezuelan President Nicolas Maduro.
Coverage Details
Bias Distribution
- 45% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
