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The FTSE 100 proved resilient on Wednesday, finishing the month higher despite fears about a forthcoming recession in the UK, as other indexes came to a mixed close.
The FTSE 100 index closed up 61.05 points, 0.8%, at 7,573.05. The FTSE 250 ended down 22.83 points, 0.1%, at 19,163.33, and the AIM All-Share closed up 4.37 points, 0.5%, at 848.59.
The Cboe UK 100 ended 0.9% at 758.76, the Cboe UK 250 closed down 0.2% at 16,584.32, and the Cboe Small Companies ended down 0.1% at 13,008.68.
‘Despite all the talk of recession, sky high inflation and an autumn statement designed to put hairs on any chest, UK equities have ended the month of November on a positive note. The FTSE 100 is up almost 7% since the start of the month and the more domestically focussed FTSE 250 is climbing just a touch more,’ said AJ Bell’s Danni Hewson.
In European equities on Wednesday, the CAC 40 in Paris ended up 1.0%, while the DAX 40 in Frankfurt ended 0.3% higher.
‘Today, London markets have been pulled in many directions with one eye on Wall Street as investors wait for a key speech from Fed Chair Jerome Powell which should give further clues about the central bank‘