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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid a wave of optimism across European markets, the FTSE 100 recorded significant gains that propelled it to its highest level in two months. The UK index jumped 175 points to reach 10,654 points according to reports. This rally was directly triggered by US jobs data missing expectations, which boosted risk appetite across European exchanges and US futures markets.
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Sign InThis upward move comes as global economic data shows notable divergence, with Italian consumer confidence hitting 92.4, below the 94.5 forecast per market data on June 26, 2026. Conversely, Eurozone economic sentiment improved slightly to 95 points as of June 29, 2026, providing a supportive backdrop for London's blue-chip stocks compared to regional peers reacting to the US employment slowdown.
Investors should monitor whether the FTSE 100 can sustain its position above new psychological support levels following this technical breakout. Looking ahead, markets are awaiting the Chinese Manufacturing PMI release on June 30, 2026, which could dictate the direction for heavily-weighted mining and energy stocks, especially after US wholesale inventories rose 0.3% in late June.