The UK’s FTSE 100 index broke through the 8,000 barrier for the first time last week, carrying on its momentum since the start of 2023. However, we should not lose sight of the fact that the FTSE 100 does not really represent the overall UK economy, as it is, of course, heavily weighted towards BP, Shell, mining stock and banks. All of which are benefiting from the reopening of China and likely resource demand that will come from that. To put it in perspective, the FTSE 100 stood at 6,335 on 30 January 2001 and its capital return over this period has been 26%. It is very welcoming to see the FTSE 100 at this level, however it is by no means a reflection of either the UK or global economy...

Stocks featured:

Barclays, Centrica, Dunelm Group and Hargreaves Lansdown

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