The FTSE 100 index of the most valuable companies on the London Stock Exchange has soared to a new record high as investors shrugged off concerns over Donald Trump’s trade wars.
The FTSE 100 had the 9,000-point mark in its sights on Thursday, as it climbed to 8,973 points, above its previous all-time high of 8,908 points.
Stocks rose in London amid a global rally, as traders grew confident that Trump would either reach agreements with US trading partners, or again delay or dial back his threatened tariffs.
Mining stocks led the FTSE 100 risers, with Anglo American up more than 5%, closely followed by Glencore and Rio Tinto.
Victoria Scholar, the head of investment at Interactive Investor, said: “Commodities are fuelling the gains for the FTSE 100, with copper in the green and gold catching a bid on the back of a weaker US dollar.”
The blue-chip share index has now risen by more than 9% during 2025, having recovered from sharp…
