As Brits reel from a cost-of-living crisis, the UK stock market quietly booms to an all-time high
Publishing timestamp: 2023-02-10 01:23:46
Summary
The FTSE 100 has broken three intraday records over the last week, despite warnings of a weak UK economy and cost-of-living pressures. This is due to strong profits reported by energy, financial, and commodities firms, as well as a plunge in the value of the pound. However, the stark contrast between the stock market gains and the dire outlook facing many households has been noted.
Sentiment: MIXED
Tickers: ULVR-GB, .FTSE, STAN-GB, .STOXX, BP, BP.-GB, AZN-GB, 37ZM-GB, SHEL-GB, .SPX, QUOTES,
Keywords: bp plc, s&p 500 index, standard chartered plc, business, markets, business news, brexit, unilever plc, astrazeneca plc, shell plc, stoxx 600, energy, ftse 100, oil and gas, exchange-traded funds,
Source: https://www.cnbc.com/2023/02/10/uks-ftse-100-scaling-fresh-highs-despite-cost-of-living-crisis.html