The FTSE 100 rose 0.9% on Thursday, trading at a record high of 8950, driven by a strong rally in mining stocks. Anglo American surged 4.7%, Rio Tinto gained 3.8%, Glencore rose 3.7%, and Antofagasta advanced 2.7%, following confirmation from US President Donald Trump that a 50% tariff on copper imports will take effect August 1. The move, announced on Truth Social, created volatility in copper markets and raised concerns over trade disruptions. Key details on enforcement and product scope remain unclear, heightening uncertainty. Trump also imposed a 50% tariff on goods from Brazil, citing political motives and criticizing Brazil’s leadership. Meanwhile, WPP rebounded 2.6% after appointing a new CEO, a day after its shares plunged 19% on a profit warning.
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