FTSE 100 Near Record High as Oil Boom and Bank Earnings Ignite London Rally
London’s flagship FTSE 100 index is trading near record territory, extending a dramatic October rally. The FTSE closed last week at an all-time high of 9,645.62 pointsts2.tech and has barely budged from that pinnacle in recent sessions. After six consecutive days of gains through Monday, the index inched up another ~0.1% on 28 October to around 9,654 – essentially flat but enough to mark a fresh record closemorningstar.com. The domestically focused FTSE 250 mid-cap index has also climbed, reaching ~22,500 before easing slightlyts2.tech. This steady performance signals investors holding onto historic gains even as some pocket profits. Early Tuesday, the FTSE 100 opened modestly higher at ~9,664 pointsmarketscreener.com, buoyed by earnings news before leveling off by afternoon. Overall, October’s late-month rally has put UK stocks within a whisker of new milestones, capping what could be the FTSE’s best year in over a decadets2.tech.