FTSE 100 hits new ALL-TIME high of 7,906 after global stocks rally trends now
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The FTSE 100 hit a new all-time high today after global stocks rallied on signs of economic resilience and an end to interest rate hikes.
The blue-chip index closed at 7,901 - topping the previous record finish of 7,877.45 from May 22, 2018.
It had reached 7,906 during the trading day, another new peak.
The surge was fuelled by better-than-expected jobs figures from the US, as well as continued optimism after the Bank of England downgraded grim recession forecasts for the UK.
The blue-chip index closed at 7,901 - topping the previous record finish of 7,877.45 from May 22, 2018
The Bank of England gave a less gloomy assessment of UK plc's prospects yesterday than in November
While tech firms have been struggling recently,
