FX.co ★ FTSE 100 Trades at Record High

The FTSE 100 achieved a new record high of approximately 9,150 on Monday, driven by a recently established trade agreement between the European Union and the United States. This accord, concluded just in time to avert imminent higher US tariffs, implements a 15% tariff on the majority of EU exports, including automobiles, thereby alleviating concerns of a potential trade dispute. The announcement was made by President Trump and EU Commission President von der Leyen in Scotland, though the complete details remain under wraps. Notable gainers included Prudential, which rose by 1.5%, GlaxoSmithKline up by 1.4%, BP advancing 1.2%, the London Stock Exchange increasing by 1%, and AstraZeneca up by 0.8%. Conversely, BT saw a decline of nearly 2%, and mining companies such as Glencore, Rio Tinto, and Anglo American experienced declines of up to 1.4%. In corporate developments, Cranswick announced growth in Q1 revenue, AB Foods revealed plans to acquire Hovis, Computacenter noted an improvement in profits, and Everyman Media reported increased sales and food revenue.