London Calling! FTSE 100 Stocks Flying High Once Again

FXOpen

Back in 2015, which when looking at a physical calendar does not seem such a long time ago yet feels like an epoch ago when considering the changes in global economies and the capital markets since then, the FTSE 100 Index, which is tradable as UK 100 on FXOpen, was making headlines full of superlatives and enthusiasm as it pushed its way through the 7,000 point mark for the first time ever.

Indicative pricing only

As that happened, investors and analysts alike were experiencing something of a sensory overload with so many exciting dynamics having taken place around the same time, including the notorious meme stock frenzy led by Reddit board groups, which dramatically affected the prices of certain entertainment stocks in the US and a deluge of relatively unheard of firms suddenly listing their stock on the NASDAQ exchange for multi-billion dollar valuations via SPAC entities.

Alongside these headline grabbers was London's FTSE 100 (UK 100 at FXOpen) rallying like never before, which was an interesting backdrop because London-listed firms are often traditional, long-established bricks-and-mortar entities with decades of institutional stability behind them as opposed to the disruptors of the NASDAQ, and not susceptible to volatility caused by the self-styled market makers of the Reddit boards.

It was also at a time during which Britain had been exiting lockdowns, and talks of recession were in the mix, along with the start of rising inflation and a cost of living crisis, which blighted much of British society.

Three years have passed and at certain points during that time, there has been speculation relating to the possibility of the FTSE 100 (UK 100 at FXOpen) index growing further and passing the 8,000 point mark, which only materialised for a short space of time before going back down to within the mid to high 7,000s.

Now is the FTSE 100's (UK 100 at FXOpen) time in the limelight. This morning, the London trading session began with the index flying high, and the news reports during the early hours of the morning (UK time) that the UK 100 index may continue its rally this week.

By 8.30 am UK time this morning, FXOpen pricing showed the UK 100 index at 8,195.4 in just a matter of minutes, an exciting continuation of last week's rally.

Anglo American's stocks surged by 2%, climbing 64p to reach 2707p, as investors eagerly anticipate BHP's forthcoming strategy following the recent dismissal of a £31 billion acquisition offer. Meanwhile, Frasers Group experienced a 2% boost, with shares rising by 19p to 815p. This uptick came on the heels of the retailer's announcement of a fresh buyback initiative. Adding to the positive sentiment, Deutsche Bank commenced coverage of Frasers Group, issuing a "Buy" recommendation and setting a target price of £10.

It is clear that enthusiasm for blue-chip stocks is very much the order of the day, providing an interesting positive direction to Britain's highly respected capital markets sector despite the stagnant domestic economy.

Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Indices

Tech Stocks Back in Vogue as Nasdaq 100 Rallies to Record High The S&P 500 Index Has Reached a Significant Resistance Level France Joins European Stock Boom as CAC 40 Index Heads for Highs The Hang Seng Index Has Risen by Over 13% in 2 Weeks UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News

Latest articles

Forex Analysis

EUR/USD Price Forms Bullish Reversal Amid Key News

Last night, the FOMC meeting minutes were released. According to USNews, there were no major surprises. However, the confirmation of persistent inflation – along with hints that some officials discussed potential future rate hikes – displayed a "hawkish" stance. The dollar index

Shares

After Earnings Report, NVDA Stock Price Exceeds $1,000

For the first time in history, Nvidia's stock price has reached a four-digit number, and its market capitalisation has surpassed $2.5 trillion, ranking third globally after Microsoft and Apple. This surge is due to a strong earnings report, driven

What Is the 80-20 Rule (Pareto Principle) in Trading?
Trader’s Tools

What Is the 80-20 Rule (Pareto Principle) in Trading?

In trading, rules that could maximise efficiency are highly sought after. One such principle is the 80-20 rule, also known as the Pareto principle. This concept asserts that 80% of outcomes often stem from 20% of causes. In software development,

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.