Home Business NewsFinance News Woah! FTSE 100 and FTSE 250 hit new high

Woah! FTSE 100 and FTSE 250 hit new high

by LLB Reporter
2nd Jun 17 12:05 pm

Here’s why

Britain’s leading index has hit a new peak, touching 7598.99 and within a whisker of 7600. 

The FTSE 250 is also at a new record, reaching 20,071. Meanwhile the US futures are predicting a 73 point opening on the Dow Jones Industrial Average, which could also see it in unprecedented territory. 

Connor Campbell, financial analyst at Spreadex, said: “The markets are looking pretty buoyant this morning, boosted by the prospect of this afternoon’s non-farm jobs report.

“The FTSE appears to be gunning for a new record this Friday, surging more than half a percent after the bell to sit just a handful of points below 7600. 

“As for the pound, with no new polls – yet – to cause it to panic it got off to a rather dull start, dipping against both the dollar and the euro. Sterling has tended to do better in the afternoon than the morning this week, once the early political news has been fully digested. Today, however, sees the latest US jobs report, and with the Fed looking to raise rates this month a strong non-farm figure could cause cable’s initial losses to widen.”

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