London’s stock market hit a historic milestone on Thursday, as the FTSE 100 index closed at a record 8,975 points. Investors brushed aside concerns about rising global trade tensions and focused instead on positive momentum in commodities and defense.
Mining companies led the charge, with Anglo American, Glencore, and Rio Tinto posting strong gains. The surge in copper prices and investor interest in gold amid a weakening dollar pushed the sector higher.
The overall index has gained more than 9% in 2025, rebounding from a steep sell-off earlier in the year when Trump triggered alarm with fresh tariff threats. Confidence returned quickly, however, as markets interpreted his moves as political bluffing rather than long-term policy.
Analysts say investors are riding a wave of optimism and see Trump’s tough rhetoric as part of a familiar pattern that doesn’t necessarily translate into lasting economic damage.
Markets Ignore Tariff Threats as FTSE 100 Hits New Peak
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