FTSE 100 hits fresh all-time high
100 index rose by almost 1% at the open on Wednesday morning to hit 7926.35, surpassing the former high of 7,906.58 set on 3 February.Global markets have rallied in the first weeks of this year on hopes that inflation may be easing, after the shock prompted by soaring energy prices.
The FTSE began to rally at the start of the year, as investors welcomed China’s decision to relax Covid-19 restrictions, which could support global growth. They have also been heartened by the slide in US inflation, as well as the country’s strong employment figures. The oil company BP was the biggest riser on Wednesday morning, climbing just over 3% in morning trading, taking the shares to their highest level since August 2019. Its shares continued their rise, a day after the company revealed its profits had
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