Global stock markets have surged to record highs, fuelled by optimism surrounding artificial intelligence, easing trade tensions, and strong corporate earnings. The FTSE 100 hit an intraday record, while the S&P 500 and Nasdaq also reached all-time highs. Technology companies are leading the charge, with investors particularly focused on the potential for AI to drive productivity gains and earnings growth.
In the UK, the FTSE 100 edged higher, supported by banking strength, particularly HSBC, which upgraded its profitability outlook. Energy and mining stocks faced headwinds due to falling commodity prices. Some analysts believe generative AI could add billions to the value of specific FTSE 100 companies.
US markets also experienced a strong session, with the S&P 500 and Nasdaq Composite reaching new all-time highs. This reflects confidence in corporate profitability despite ongoing economic uncertainties.
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