London stocks hit new record at open
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
