FTSE 100 Reaches Record High Amid Easing Middle East Tensions and Upcoming US Earnings

The FTSE 100 index in the UK reached a new record high on Tuesday, bouncing back from a recent decline triggered by concerns over the escalating Middle East crisis. Investors’ sentiment improved as worries eased, and focus shifted towards promising U.S. earnings reports expected later in the week.

Shortly after the market opened, the index surged to 8,068.08 points, surpassing the previous all-time high reached in February 2023. Currently, the index is showing a 0.5% increase, reflecting the positive market momentum.