The FTSE 100 index achieved a record high of 8,884, bolstered by gains from mining and energy stocks. Investment analyst Dan Coatsworth noted that the UK's stock market has outperformed the US this year, with returns significantly higher than the S&P 500. Key contributors to this growth included precious metal miners and defensive stocks, all enticing investors who are wary of the US market under Donald Trump's trade policies. In contrast, while the UK market has been strong, Germany’s economy is reportedly benefiting even more from government spending initiatives.
The UK stock market has been a star performer this year, delivering more than three times the return as the S&P 500 in the US.
Driving the FTSE 100 this year have been precious metal miners including Fresnillo, defence stocks Babcock, BAE Systems and Rolls-Royce, and financials such as Lloyds and Prudential.
Collection
[
|
...
]