FTSE 100 Rebounds to New Record High

2026-02-02 13:53 By Agna Gabriel 1 min. read

The FTSE 100 rose 1.2% to a fresh record above 10,340 on Monday, recovering from earlier losses as the selloff in metals prices eased and broader sentiment improved.

Defensive heavyweights led the rebound, with AstraZeneca up 3.2%, GSK rising 2.5%, British American Tobacco gaining 1.5%, and Unilever 1.1%.

Metals prices remained lower on the day but pared steep earlier declines, allowing miners to stabilize.

Rio Tinto and Anglo American finished more than 0.5% higher, while Glencore was flat.

Meanwhile, Endeavour, Fresnillo and Antofagasta recorded losses of 2.3%, 0.5% and 0.4%.

Beyond commodities, UK data supported the index, with Nationwide showing house prices rising 0.3% in January, business confidence hitting an eight-month high, and manufacturing activity continuing to expand.



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