London's FTSE 100 stocks index hit record highs on Tuesday, catching up with major global peers that have struck all-time peaks this year.
record highs on Tuesday, catching up with major global peers that have struck all-time peaks this year as inflation cools.
London’s FTSE 100 reached 8 076.52 points shortly after the open, surpassing a record 8 047.06 struck in February last year. The Paris and Frankfurt stock markets won a lift from news of an improvement to business activity in the eurozone this month. “Crude has unwound the Israel-Iran risk premium but could slip into a holding pattern,” said Vandana Hari at Vanda Insights.Earnings
Ahead of the Wall Street open, General Motors reported higher profits thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast.
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