The FTSE 100 rose more than 1% or 70 points to end at 6,105 on Wednesday, boosted by a strong PMI survey, a rally in oil prices and a batch of positive earnings report. Insuer Hastings surged after agreeing to a $2.2 billion buyout offer. Also, shares of bookmaker William Hill rose after the company reported a better-than-expected first-half profit, but announced that 119 UK betting shops will not reopen as it combines its online and retail British businesses. Meanwhile, investors also closely watch for signs of progress in the US coronavirus relief package.
Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018. UK FTSE 100 Stock Market Index - data, forecasts, historical chart - was last updated on August of 2020.
The UK FTSE 100 Stock Market Index is expected to trade at 5955.34 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5615.24 in 12 months time.