The FTSE 100 index is on track to reach a record high, influenced by a weakening sterling. This comes despite concerns that London's stock market remains troubled. The FTSE 100's performance is notable as it is just 16% above its 1999 dotcom-era high, contrasting sharply with the S&P 500, which has more than tripled in value over the same period. Analysts note that while the record is not a definitive sign of market health, it does bode well for certain sectors like rates and defense stocks.
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Bloomberg Opinion
Cool, Britannia! The FTSE 100's new record isn't a clean bill of health, says @johnauthers. But the future looks rosy for rates and defense stocks https://t.co/yc0Vo8ukQf
Bloomberg Markets Cool, Britannia! The FTSE 100's new record isn't a clean bill of health, says @johnauthers. But the future looks rosy for rates and defense stocks https://t.co/vUnLO2HjMi
Jim Pickard ๐ statistic of the day: โthe FTSE-100 is just 16% above its 1999 dotcom-era high, while the S&P has more than trebled in value in the same periodโ https://t.co/AanFJowa2H
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