The FTSE 100 index experienced a strong performance, reaching record levels and extending its upward trend for the eighth consecutive session. Positive momentum was fueled by gains in the mining sector and encouraging corporate news from major constituents.
- The FTSE 100 traded higher, reaching record levels.
- GSK shares increased by over 4% following a better-than-expected Q3 profit and revenue report.
- GSK raised its full-year core EPS growth forecast to 10–12%.
- Next shares jumped more than 5% after upgrading its outlook.
- Copper miners, including Antofagasta, Anglo American, and Rio Tinto, saw gains due to optimism surrounding US-China trade relations and tighter global supply.
- Glencore’s stock price surged over 6% after the company reaffirmed its 2025 production targets and metals trading performance.
The upward movement of the FTSE 100 suggests a period of investor confidence. Gains in specific sectors, such as mining and healthcare, indicate positive sentiment towards those industries. Upward revisions of future performance from prominent companies suggest a strengthening economic outlook, while progress on trade issues also contributes to market optimism.