Home ForexFTSE London stock market begins 2017 with record high

London stock market begins 2017 with record high

by Jonathan Adams

European stock markets rose at the start of trading today, with London reaching a new high as it kicked off its first session of 2017.

Shortly after 8.30am, London’s FTSE 100 had climbed 0.77% to 7,197 compared with the finish on Friday, when the benchmark index closed at a record high.

Meanwhile, in the euro zone Frankfurt’s DAX index has gained 0.43% to open at 11,635, compared with its closing level yesterday.

The Paris CAC, which also traded yesterday, is 0.57% higher and has reached a 13-month high of 4,910.

In Dublin the ISEQ is also up on its first trading day of the year, gaining 0.93% to 6,577.

Earlier in Asia, Hong Kong and Shanghai stocks ended higher after opening flat on the first trading day of the year.

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