The FTSE 100 reached a new record high despite US-Iran tensions, surpassing its previous peak on March 3rd. The index gained 20 points to hit 8,884, showing an increase of over 8.6% in the year to date. This achievement came amidst gloomy economic figures for April, when the impact of the US trade war, rising household bills, and tax and wage increases affected employers. Despite these challenges, the FTSE 100 managed to bounce back from a slump earlier in the year caused by Donald Trump’s protectionist agenda and trade tariffs. The suspension or reduction of tariffs and trade hostilities have contributed to the recent climb in values.

The FTSE 100 has reached a new record closing high despite facing challenges from a US trade war-related decline.

The index of London’s top shares rose by 20 points to reach 8,884, surpassing the previous peak of 8,771 on 3 March and increasing its value by over 8.6% since the beginning of the year.

This achievement comes in the face of discouraging official data for April – a month marked by the impact of the US trade war, rising household expenses, and new tax and wage hikes affecting employers for the first time.

The Office for National Statistics reported a 0.3% contraction in the economy.

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The FTSE 100 experienced a significant drop earlier in the spring as Donald Trump‘s protectionist policies led to fluctuating tariffs against global trade partners, further exacerbated by his escalation on «liberation day.»

Stock market values worldwide were impacted as the repercussions on domestic and global economies were assessed, resulting in numerous downgrades in output forecasts by reputable international organizations like the International Monetary Fund.

However, the reduction or suspension of many trade tariffs, along with agreements to resolve conflicts with countries such as the UK, have contributed to the recent recovery in market values.