Blue-chip stock index rises above previous record of 7,903 set in May 2018
Photograph: John Lamb/Getty ImagesPhotograph: John Lamb/Getty ImagesThe UK’s blue-chip share index hit an all-time high of 7,906.58 on Friday, amid hopes that global inflation is easing and central banks may be reaching the end of a sustained period of interest rate rises.100 peaked at that level before ending the day at a new closing high of 7,901.80. Both the intraday high and the closing high were above the previous record set on 22 May 2018, when the FTSE 100 closed at 7,877.45.
The FTSE has rallied in early 2023 , partly on the back of China’s decision to relax Covid-19 restrictions, which could support global growth, and a drop in US inflation. and announced a $4bn share buyback to return cash to investors, prompting calls for tougher windfall taxes.
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