City A.M.
The FTSE 100 has soared to new heights in 2025. (Jeff Moore/PA Wire)
The FTSE 100 is inching a step closer to the magic 10,000 mark after almost a year of outperforming counterparts across the Atlantic.
London’s blue-chip index rallied on the open before giving up some gains to settle on a broadly flat level.
It follows two consecutive record closes with the City shrugging off bubbling tensions around private credit and fears of the ever-ballooning AI bubble.
This broke ranks with overseas indices, particularly in the US, with the tech-heavy Nasdaq down nearly two per cent in the last month after AI jitters spooked investors.
“It’s been a historic year for the UK as the FTSE 100 has outperformed all the major US stock indices,” Dan Coatsworth, head of markets at AJ Bell , said.
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