The FTSE closed on Tuesday at its highest in 15 years

Concerns over Russia and Ukraine? What concerns about Russia and the Ukraine? The FTSE 100 is at its highest since 1999.

by Emma Haslett
Last Updated: 04 Jul 2014

Hey guys, look at this chart!

Now look at this chart!

Now look at this chart!

All charts from Yahoo Finance

Yep, the FTSE 100 ended Tuesday at its highest level in 15 years, pushed up by housebuilders (Barratt rose 3% and Persimmon rose 2.1%) and mining stocks. It puts the FTSE at a whisker’s breadth from its all-time high: in fact, many investors reckong it’ll hit 7,000 later this year.

Us Brits aren’t the only ones getting carried away by equities: the Dow Jones and S&P 500 both closed at record highs on Monday.

‘Equities are showing remarkable resilience, shrugging off the geopolitics of Eastern Europe and, it would appear, banking on softer Chinese data making it a given that Beijing weighs in with another batch of stimulus to keep the slowing world No. 2 economy growing in-line with its targets,’ Michael van Dulken, head of research at Accendo Markets, told the Telegraph. Here’s hoping.

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