FTSE 100 live: London joins global rally after ‘blockbuster’ Nvidia results as investors bet rates are nearing peak

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City AM

By Chris Dorrell London markets joined a global rally this morning as investors bet that central banks were nearing the end of their rate hiking cycle. The bluechip FTSE 100 index climbed 0.47 per cent to trade at 7,355.34 The midcap FTSE 250 index rose 0.64 per cent to 18,342.28. Indexes in Paris and Frankfurt also recorded gains, rising 0.7 per cent and 0.6 per cent respectively. Counterintuitively, investors were boosted by data out yesterday which showed that economic activity around much of the World is slowing. PMI figures, which measure private sector activity, slipped into contraction …

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