FTSE 100 Record Marks ‘New Dawn’

The FTSE 100's market high could be a new dawn, Newton Investment Management says after London's blue-chip index rose to as high as 8076.52 points, hitting a fresh record in morning trade. "The new market high has been a long time coming but despite the global uncertainty this has the potential for being a new dawn, rather than a short-term blip," head of U.K. equities David Cumming wrote in a market comment. The U.K.'s company mix is being favored by relative trends in commodity prices and interest rates, especially as the global tech rally fades, he said.