Against a backdrop of easing trade tensions and solid corporate results, the London Stock Exchange’s flagship index has posted 15 consecutive sessions of gains. This is the best run in its history. However, the index is still lagging behind other European markets.
It has been an historic run for British equities. On Friday’s close, the FTSE 100 has now recorded 15 consecutive sessions of gains, a record. Until now, the previous record was set in January 2017, with a series of 14 consecutive days of gains.
In particular, three sectors in the market have contributed to the FTSE 100’s recent strong performance. First, financial stocks, notably Barclays and HSBC, were buoyed by the publication of solid results. Secondly, industrial stocks, led by Rolls-Royce and BAE Systems, rebounded. The same was true for mining stocks—Rio Tinto, Anglo American, Antofagasta—which are an important component of the…
