Business World

Thursday 14 December 2017

Global stock markets at record levels after Donald Trump's tax cut pledge

American President Donald Trump. Photo: AP
American President Donald Trump. Photo: AP

Ben Woods

Global markets have scaled record heights as investors cheered US President Donald Trump's pledge to slash taxes and unleash an infrastructure spending spree.

More than £30bn was added to the value of Britain's blue chip companies as the FTSE 100 Index soared 119.46 points to a record all-time closing high of 7,382.9.

Across the Atlantic, the Dow Jones Industrial Average was also soaring, as the US President's warmly-received speech to Congress inspired the index rise above the 21,000 points mark for the first time in its history.

Reuters

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