FTSE 100 Hits Record High Above 9,000 Points

The UK's FTSE 100 index reached an all-time high by surpassing 9,000 points, setting a new record as investors seek alternatives to US equities amid concerns over President Trump's economic policies and newly announced tariffs. The index's gains have been driven by strong performances in traditional sectors and companies such as Fresnillo, which benefited from rising gold and silver prices, and AstraZeneca, which saw a rally after positive drug trial results. The FTSE 100 is seen as relatively undervalued compared to US stocks, supported by lower price-to-earnings ratios and a recent UK-US trade deal that has provided a buffer against trade tensions. In contrast, oil majors Shell and BP lagged due to declining global oil prices. Other European markets have declined, impacted by escalating US trade actions. The index's resilience highlights investor preference for stable, value-oriented stocks amid ongoing international economic uncertainty.