US EditionFTSE 100 Hits 9,000 Points for First Time
GREATER LONDON, ENGLAND, JUL 15 – The FTSE 100's rise reflects a 10% gain this year fueled by a partial UK-US trade deal and global investors shifting away from US markets amid policy concerns.
- The FTSE 100 Index hit the 9,000 point mark for the first time on Tuesday morning, reaching a fresh record high in London trading.
- The rise followed improving international trade outlooks, including a recent UK-US partial trade deal and expectations of tariff extensions amid global uncertainties.
- Defence, banking, and large-cap companies like BAE Systems, Rolls-Royce, Lloyds Bank, Next, Tesco, and National Grid contributed strongly, supported by a relatively stable pound.
- Shares in BAE Systems rose about 67%, Rolls-Royce climbed 77%, and overall UK stocks increased around 10.3% this year, with around 60% of FTSE revenues generated overseas.
- This milestone boosts optimism for UK equities despite fiscal uncertainties, while experts note the FTSE 100 is a near 'safe haven' amid transatlantic trade tensions and tariff threats.
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Coverage Details
Total News Sources20
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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