FTSE 100 continues surge into record territory as US markets face another AI wobble

The FTSE 100 has maintained its positive momentum as mid-week arrives, with the index climbing further into record high territory over 10,400 points. UK stocks continue to benefit from the catch-up trade that has been in play for several months, as investors rebalance their US dominated portfolios amid concern over tech valuations and the falling dollar. London’s top index is also benefitting from the presence of some of the world’s largest mining firms, such as Glencore and Rio Tinto. Miners are being lifted by a combination of dollar debasement fears and the race to acquire rare earths and critical minerals,…