FTSE 100 nears record high ahead of inflation data

Boosted by consumer staples and banks

Valeria Martinez
clock • 1 min read

The FTSE 100 is edging closer to its record high as investors await key economic data this week, including the UK inflation print.

After a rally of more than 5% in 2023 so far, the blue-chip index entered the week just 33 points from its all-time closing high of 7,877.45 According to data from MarketWatch, the index rose 0.1% at the open on Monday, less than 1% away from record highs. The FTSE 250 mid-cap index rose 0.2%. Consumer goods like Diageo and British American Tobacco, which increased by 0.4% and 0.8%, respectively, were among the top gainers, while banks added a 0.4% boost. Marks & Spencer rose 0.4% in response to news of its plans to open 20 new stores throughout Britain, creating 3,400 new jobs. ...

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

Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read
Trump's realised tariff threats sends markets and currencies into a tailspin

Trump's realised tariff threats sends markets and currencies into a tailspin

US sets sights on EU next

Eve Maddock-Jones
clock 03 February 2025 • 2 min read
2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read