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FTSE 100 hit a record high driven by mining, finance, and defence stocks amid global market swings and UK economic growth.

Stories involving FTSE 100

Russia Markets Plunge Amid Sanctions

Russia's MOEX index hit its lowest since December 2024, falling over 3% amid new US and EU sanctions targeting key energy firms. Oil prices surged, and Russian oil giants Rosneft and Lukoil saw significant declines, reflecting heightened geopolitical tensions and economic uncertainty.

Reeves Cuts Cash ISA Limit to £12K

Chancellor Rachel Reeves plans to reduce the annual cash ISA limit from £20,000 to £12,000, effective April 2027. The move aims to encourage investment but risks reducing savings and impacting mortgage funding. Experts warn it could deter responsible savers and tighten lending in the economy.

FTSE 100 Hits Record High

The FTSE 100 surpassed 10,000 for the first time in intraday trading today, marking its best start to the year since 2009. The index rose over 1% after traders returned from the New Year holiday, driven by gains in defence, mining, and financial stocks amid global uncertainty.