FTSE hits 15-year high to bring record into sight

Alice Rigby
clock

The FTSE 100 is within sight of its all-time high after closing at its highest level for 15 years on Tuesday.

The index gained 41 points, or 0.6%, to close at 6,898 yesterday, its second-highest close ever and the highest since December 1999. Stocks then opened higher again this morning on news that Greece's new government is to ask for a six-month bailout extension, a move that would ease tensions with creditors following days of negotiations. The FTSE stood up 0.2% at 6,910 in early trading today, its highest intra-day level since 1999. Having surpassed the near-term closing high of 6,878 set last September, the index is once again in sight of the record close of 6,930 reached at the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read
Advisers urged not to let clients 'act too soon' ahead of Budget

Advisers urged not to let clients 'act too soon' ahead of Budget

Communication is about ‘staying calm and keeping clients focused’

Isabel Baxter
clock 22 October 2024 • 5 min read
Why the Bank of England needs to stop over-sharing

Why the Bank of England needs to stop over-sharing

'We are used to the comments of central bankers moving markets'

Laith Khalaf
clock 17 October 2024 • 4 min read