https://morningwire.eu/fr/ftse-100-grimpe-melrose-et-vistry-menent-les-gains/
FTSE 100 climbs, Melrose and Vistry lead gains
The blue‑chip index rose on Tuesday, marking its best run in months as chemicals and housing news lifted key stocks.
FTSE 100 opened higher on Tuesday, extending its longest winning streak since May. The index jumped after Melrose Industries surged following the closure of a probe into a California chemical incident, while housebuilder Vistry rallied more than 18 per cent after securing cash from a £10bn housing grant programme announced by Andy Burnham.
Market rally and key drivers
Investors also brushed aside recent warnings from Scott Bessent, US Treasury Secretary, about an onslaught of new sanctions on Iran and its trading partners. Although the US administration broadened the definition of “Iran‑related conduct” that could be targeted, no immediate penalties were imposed, allowing markets to stay focused on corporate news.
“Markets are in wait‑and‑see mode, as stricter US sanctions on Iran take hold and investors wait for the latest snapshot of demand for AI infrastructure from tech giant Nvidia. The FTSE 100 looks set to continue to grind higher, extending its run as heavyweight miners bolster the blue‑chip index. The London market is proving remarkably resilient given the cocktail of geopolitical tensions, stubborn inflation concerns and uncertainty over the path of interest rates.”, Susannah Streeter, Wealth Club chief investment strategist
Geopolitical backdrop and domestic policy
Oil prices fell more than two per cent, with Brent crude slipping just below $92 a barrel, easing inflation pressures on consumers. At the same time, Burnham hinted that the upcoming October budget could see higher taxes, a comment that fuels debate about the UK’s fiscal trajectory. Readers can see how this ties into broader concerns in tax creep warnings from business veterans.
Outlook for the FTSE
Analysts expect the index to keep climbing as miners and industrials provide steady support. However, any escalation in US‑Iran sanctions or a surprise fiscal move in the UK could reverse the momentum. Traders will watch the next Nvidia earnings release and the Treasury’s final sanction wording for clues on future direction.
