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As Brits reel from a cost-of-living crisis, the UK stock market quietly booms to an all-time high - TL;DR CNBC

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.FTSESTAN-GB.STOXXBPBP.-GBAZN-GB37ZM-GBSHEL-GB.SPXQUOTES

Keywords: bp plcs&p 500 indexstandard chartered plcbusinessmarketsbusiness newsbrexitunilever plcastrazeneca plcshell plcstoxx 600energyftse 100oil and gasexchange-traded funds

Source: https://www.cnbc.com/2023/02/10/uks-ftse-100-scaling-fresh-highs-despite-cost-of-living-crisis.html


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