FTSE 100 falls back from a new record high at 8,908.82

The news that really underpinned the FTSE 100 at the beginning of this week was all about trade tariffs and the news that seemed to favour the UK in terms of a potential US trade deal. The FTSE 100 set a new record high on Monday at 8,908.82  So, even as the DAX slumped nearly a 1000 points the following day, the FTSE 100 held up relatively well. It still fell back though, but in overall terms not by that much. The FTSE 100 fell to 8,746 that day. The price action yesterday was less impressive though. The FTSE 100 dropped back from an earlier session high at 8,835 and later closed just 3.16 points lower, at 8,755.84. That was not much above the low of the day, at 8,752.46. Now given the jump in UK yields that close was a lot better than it might have been, thanks to the prospect of a UK/US trade deal. The FTSE 100 futures are higher this morning though and right now pricing a higher opening, currently around 8,785