
The FTSE 100 index touched a post-pandemic high today amid optimism that corporate earnings can overcome the threat posed by rising energy prices and supply chain disruption.
Wall Street's S&P 500 yesterday enjoyed its best session since March, following a positive start to the third quarter earnings season and a further drop in global Covid-19 cases.
The FTSE 100 index closed up by 0.9% last night and was today up another 0.5% or 33.37 points to 7241.08 after shares in mining companies continued to rally on the back of multi-year price highs for commodities, including aluminium and zinc.