The FTSE 100 rose more than 0.5% on Monday, extending a 2.7% gain in the previous session boosted by gains in commodity-linked stocks as prices of copper, iron ore and oil climbed after China eased Covid-19 restrictions and relaxed testing mandates. Among single stocks, Rio Tinto advanced more than 2% after a US appeals court ruled that the federal government may give the UK copper miner a right to lands in Arizona. Elsewhere, the defense company BAE Systems was also higher after receiving a $12 billion contract from the US Department of Defence.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on June of 2022.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7015.61 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 6466.30 in 12 months time.