The FTSE 100 rose more than 0.5% on Monday, rebounding from its lowest level in almost two months and after suffering its worst week since October, boosted by gains in mining stocks including Fresnillo (up 19.7%) and Polymetal International (up 6.4%) after silver prices soared over 10% amid Reddit-inspired enthusiasm from groups of retail investors. On the data front, manufacturing PMI was revised sharply higher but continued to point to a sharp slowdown at the start of 2021. On the corporate front, online fashion retailer Asos climbed after buying the Topshop, Topman, Miss Selfridge and HIIT brands while Ryanair went down after saying it expects a loss of over $1 billion this year, its worst ever performance.
Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018. UK FTSE 100 Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The UK FTSE 100 Stock Market Index is expected to trade at 6283.16 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5924.34 in 12 months time.