London stocks hit new record at open
Add BT as a preferred source
THE London stock market struck a new record peak in opening deals on Wednesday (Apr 24), propelled by easing geopolitical tensions and interest rate cut hopes as inflation cools.
London’s benchmark FTSE 100 index of top companies rallied to an all-time pinnacle of 8,083.92, eclipsing the previous record that was set Tuesday.
The FTSE later stood at 8,071.51, up 0.3 per cent from Tuesday’s closing level.
Elsewhere, Frankfurt’s DAX gained 0.2 per cent to 18,173.29 at the open, while the Paris CAC 40 fell 0.2 per cent to 8,091.60 after French luxury group Kering issued a profit warning over slumping Gucci sales. AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
