Overview
- London’s FTSE 100 breached 10,000 for the first time in intraday trade, with miners and defense stocks such as Fresnillo and Rolls‑Royce leading early gains before the index eased back.
- Pakistan’s KSE‑100 extended its surge to an intraday record near 179,017 on Jan. 2, buoyed by rupee strength, a softer December CPI print at 5.6% and positioning for upcoming earnings.
- India’s Nifty set a lifetime intraday high and the Sensex closed 573 points higher, led by power, banking and metal shares, with domestic institutions buying even as foreign investors sold the prior day.
- Global risk appetite strengthened as AI‑linked optimism lifted tech shares and futures in the U.S., Europe’s STOXX 600 hit fresh highs, and Hong Kong and South Korea advanced sharply.
- Precious metals extended last year’s powerful rally, supporting UK miners, while analysts flagged thin holiday liquidity, mixed foreign flows and valuation concerns as near‑term risks.