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Stocks on the rise

FTSE 100 hits high as Dow closes in on 20,000

London Stock ExchangeThe FTSE 100 hit another record high today at 7,243.76 and closing at 7,237.77, its 10th consecutive session of new peaks.

The index was supported by sterling’s weakness on ‘hard Brexit’ concerns, as miners continued to surge.

The pound slid to an eight-week low against the euro in early London trade, after Prime Minister Theresa May said she was not interested in keeping ‘bits’ of European Union membership.

Asian stocks cut early gains as investor caution grew before a news conference by President-elect Donald Trump on global trade and China on Wednesday.

The Dow Jones index on Wall Street came within one point of 20,000 for the first time ever, and the Nasdaq and S&P 500 hit record highs.

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