The FTSE 100 closed down at 7,130 on Tuesday, as losses in banks, tourism-related companies and Bunzl offset gains in miners. British Airways-owner IAG and Easyjet Plc fell sharply after EU governments agreed on Monday to remove the US from the bloc's safe travel list. Meanwhile, Bunzl slipped 1.5% after the business supplies distributor flagged supply chain disruptions, product shortages and a labor crunch in certain markets including Mexico, Australia and Britain. Elsewhere, confidence that the Fed is in no rush to tighten monetary policy continued to support sentiment, while concerns about China's growth mounted after PMI survey data showed the country's factory activity growth slowed in August and the service sector fell back into contraction territory. For the month, the FTSE 100 added 1.4%, enjoying its best month since April.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on August of 2021.
The United Kingdom Stock Market Index (GB100) is expected to trade at 6965.34 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 6447.91 in 12 months time.