Footsie on brink of high after shock jump above 8000
Evening Standard|April 02, 2024
A SURPRISE bounce above 8000 today left the rejuvenated FTSE 100 index on the brink of the record high set in February 2023.
Graeme Evans
Footsie on brink of high after shock jump above 8000

With commodity-focused stocks up by 3%, the top flight defied expectations for a flat start by adding as much as 0.8% to stand 62.57 points higher at 8015.19.

The robust opening to the quarter left the benchmark ahead of the record close of 8012 seen just over a year ago and within sight of the same day's intraday high of 8047.

London's all-time high territory follows a record-breaking run on Wall Street, where traders are looking for interest rate cuts by the summer.

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