FX.co ★ FTSE 100 Extends Record Run

On Tuesday, the FTSE 100 experienced a modest increase of 0.1%, extending its winning streak to sixteen consecutive sessions. Despite some volatility, international developments provided a slight boost to the index. Gold mining companies excelled as rising gold prices offered a hedge against market uncertainties prompted by ongoing trade tensions. Meanwhile, the UK secured a significant trade agreement with India, which involves reducing tariffs on vital exports, including whisky, gin, and automobiles. As part of this arrangement, India will gradually eliminate most tariffs on UK goods over a decade, with whisky duties decreasing from 150% to 40% and automotive tariffs being reduced from over 100% to 10%. This deal is anticipated to enhance opportunities for UK exporters amid global trade disruptions. Noteworthy corporate events encompassed Deliveroo's acquisition by DoorDash, ongoing speculation regarding Shell's potential interest in BP, and AB Foods possibly divesting its Kingsmill brand.