Summary
The FTSE 100, an index tracking the largest companies on the London Stock Exchange, has reached 10,000 points for the first time. This increase in the stock index reflects strong performances by international companies, especially those in mining and defense.
Key Facts
- The FTSE 100 index hit 10,000 points for the first time.
- This rise happened on the first trading day of the year.
- The index increased by more than 21% compared to the previous year.
- The FTSE 100 includes large international companies, not solely UK firms.
- Mining companies like Antofagasta and Rio Tinto saw gains due to higher metals prices.
- Defense companies, including Bae Systems and Rolls-Royce, also increased in value.
- Large banks such as Lloyds and HSBC performed well.
- Dan Coatsworth described the event as a historic moment for the FTSE 100.
