The FTSE 100 experienced a slight increase of 0.1% on Tuesday, achieving its sixteenth consecutive session of gains and continuing its record-breaking streak. Despite experiencing volatility, global events provided a slight upward push to the index. Gold mining companies performed strongly due to rising gold prices attributed to market uncertainties related to trade tensions.
- FTSE 100 edged up 0.1% on Tuesday.
- Marked a sixteenth straight session of gains and continuing its record streak.
- Day was marked by volatility.
- Global developments gave a modest lift to the index.
- Gold miners outperformed as gold prices rose.
- UK sealed a major trade deal with India, cutting tariffs on key exports.
- Deliveroo’s takeover by DoorDash.
- Speculation over Shell’s interest in BP.
- AB Foods possibly selling its Kingsmill brand.
The asset is demonstrating resilience with a prolonged period of upward movement, even amidst fluctuating conditions. Positive external factors, such as trade agreements, appear to be contributing to its overall performance. Corporate activities and potential mergers & acquisitions within the constituent companies are also shaping the landscape for this asset.