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FTSE 100 hits record amid mining gains
The "FTSE 100" index in London reached a new record high, driven by gains in the mining and industrial sectors, peaking at 10,950.32 points with a 0.4% increase. The performance was supported by rising copper prices and steady gold prices. There was a continued surge in shares of mining, metals, and defense companies, while shares of some service and industrial firms declined due to concerns over market sentiment and expectations for monetary policy, amid anticipation of the Bank of England's decision on interest rates. This performance is attributed to increased demand for metals and oil, with expectations that the central bank will keep interest rates unchanged, despite the possibility of a 25 basis point hike by the end of 2026.
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