The FTSE 100 was closed just below the highs on June 16th. This is supported by rising energy stock amid the growing conflict in the Middle East.
The latest closing record high was set hours before 8,884 points on June 12th Iran attacked Iran’s nuclear facilitysurged oil prices and temporarily knocked the global equity market.
This latest high has been coming amid a wider revival of UK stocks since the global stock turnaround on April 9th, with the market recovering from tariff disruptions in early April. During that period, Morningstar UK Index It is one of Europe’s most performant stock markets and is driven primarily by bank stocks.
Here, the UK index is just behind Germany, with Morning Star Netherlands and Morning Star Italy in first and second place.
Global Bank HSBC since April 9, according to direct data from MorningStar HSBA The biggest contributor of the UK index profits for that period, followed by Rolls-Royce, a descent and aerospace stocks in demand RR. And oil giant shell shell. BAE System ba.also benefited from the European Defense Rally, and was the fourth largest contributor to the Index’s profits. Of these, except for the BAE system with a 4-star rating, it is believed that all are rated considerably by Morningstar metrics. In other words, stocks are undervalued.
Shell, the third largest company on the Morningstar UK Index, has been raised due to the rising oil prices since the Iran-Israel conflict and its stock price rose 4% in the last five days.
Rival BP stock BP.Athe 10th largest inventory in the index has grown by nearly 5% over the same period.
British banks are buoyant
The top 10 largest contributors, including the Lloyd’s Banking Group, are three High Street Banks lloy and Nut West he.
The bank was a strong performer as the market reduced its forecast following the 2024 breakout year in 2025. This year’s interest rate cuts are amidst the target inflation.
Mark Presket, senior portfolio manager at Morning StarWealth, says the net interest margin, a key indicator of bank profitability, remains high despite four interest rate cuts.
“Banks are benefiting from a high net interest rate. They now have a slightly lower, but not so much, two years of high interest rates.”
“And while the reality is that defaults are low and the housing market is not a booming period, the foreclosure is low. Banks are well-capitalized businesses,” he adds.
Demand for gold, acquisitions and travel
Looking at the largest risers in indexes in absolute terms, since April 9th, there are different stocks.
The leading stock of the meeting is Fresniro, a mining company. Onion It repaid 66.95% between April 9th and June 11th, benefiting from rising silver and gold prices as investors sought safe assets.
Burberry brby The profits are up by 66.04% as luxury brands pursue their turnaround strategies and takeover speculation continues.
Meanwhile, spectris SXS A 64.15% return has returned as the maker Scientific Instruments said it would accept a £3.73 billion bid from US private equity firm Advent.
Travel demand continues to boom: airlines also worked well during this period as jet2 continued Jet2 I experienced a jump of 57.25%. IAG Rising, nearly 43%, low-cost airline EasyJet EZJ It won almost 33%.
Two stocks covered by Morningstar analysts were among the top 10 winners during this period. Burberry brby Food delivery company Deliveroo Louaccepting an acquisition from US competitor Doordash.
Each year, the Morning Star UK Index placed just below 10% in the Sterling condition from January to June 11th, and for its highest annual profit since it rose 18.43% since 2021.
This celebrates the best start of the year since 2021, raising 12.57%.
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