21.07.202516:17:54UTC+00FTSE 100 Hits Fresh Record High

On Monday, the FTSE 100 benchmark climbed over the 9,000 threshold for the first time, propelled by robust performances in the mining sector. Antofagasta saw a notable increase of 4.7% as copper prices surged. Similarly, gold mining companies Fresnillo and Endeavour experienced advances of 3.7% and 1.4%, respectively, benefiting from the strengthening bullion prices. Meanwhile, the price of iron ore soared to a four-month peak, which positively impacted Anglo American, Glencore, and Rio Tinto, with gains of 3.3%, 3%, and 2.5%, respectively. EasyJet's shares appreciated by more than 1%, fueled by optimistic projections stemming from Ryanair's positive financial results. Additionally, BP announced the appointment of Albert Manifold as its new chairman, starting October 1, amid ongoing speculation of a potential takeover. Nevertheless, some declines in the healthcare and defense sectors slightly offset these gains, with AstraZeneca and GSK slipping by 0.6% and 0.3%, respectively, and BAE Systems dropping nearly 2%. Market participants also monitored geopolitical developments closely as EU representatives braced for a possible no-deal outcome with US President Trump, ahead of the looming August 1 tariff deadline, underscoring persistent transatlantic trade tensions.