19.08.202515:45:55UTC+00FTSE 100 Rises to New Record

On Tuesday, the FTSE 100 advanced by 0.4% to reach an all-time high of 9194, although it still trailed behind other European indices. The upturn was primarily driven by the financial sector and mining companies, with Glencore and Rio Tinto experiencing gains due to a recovery in copper prices. Meanwhile, JD Sports soared by over 6% following Deutsche Bank's decision to elevate its price target from 85p to 100p. In contrast, the prospect of a ceasefire between Russia and Ukraine dampened the performance of oil producers such as Shell and BP, while defense stocks also faced declines, exerting downward pressure on the index. Companies like BAE Systems, Rolls-Royce, QinetiQ, and Babcock International saw their shares dip. The discussions held on Monday at the White House, which Ukraine's President Zelenskiy described as a "significant step" and the "most productive" meeting with President Trump so far, spurred hopes for progress in resolving the conflict.