Monday, 21 May 2018

FTSE 100 hits record high as President Trump trade war fears ease

The FTSE 100 has surged to a new record high as investors welcome the announcement President Trump's planned trade war with China is "on hold".
London's leading share index pushed through the 7,800-point barrier early in Monday trading before extending gains to finish 80 points, or 1%, up at 7859.2 - a fresh closing high.
Analysts said the main factor in driving stocks higher was the US decision to postpone $150bn of threatened tariffs on Chinese imports amid apparent progress in negotiations between Washington and Beijing.

Further evidence of progress in securing a new government in Italy, after months of talks, was cited too.

SKY       News.

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