FTSE 100 strikes another record high as BP shares jump London’s top share index soared to another record high as it was boosted by strong trading from commodity and housing stocks.
“Two weeks ago saw the DeepSeek AI news roil markets, and a week ago it was the Mexico/Canada/China tariffs, but the third time has been the charm for investors, who have surged back into the market despite recent developments.
It was another strong trading day in London’s equity markets despite wider concerns over how Donald Trump’s tariffs could impact the global economy.
Across the Atlantic, the US markets made gains, with domestic steel firms rocketing in value after President Trump confirmed plans for new tariffs on steel and aluminium imports.
Chris Beauchamp, chief market analyst at IG, said: “Stocks have shrugged off the myriad concerns of last week and, led by big tech, have made a solid start to the week.
