UK stock market in biggest one-day rally since 2016 amid ‘Boris bounce’ – business live

Rolling coverage of the latest economic and financial news

2.47pm GMT

Wall Street has also opened at a record high, as trade war optimism ripples through New York.

Both the broad S&P 500 index and the tech-focused Nasdaq indices hit new peaks.

STOCKS AT THE OPEN:
– Dow up 0.35%
– Nasdaq up 0.68%
– S&P up 0.67% pic.twitter.com/wo3h7yjgfh

2.40pm GMT

Boom! The FTSE 250 index has hit a new record high.

The index of medium-sized companies is up 385 points today, or 1.8%, at 21893.

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