FTSE 100 started the session in the positive foot after another record close from Wall Street indices yesterday, after President Donald Trump said he and President Jinping would hold a signing ceremony, for the Phase 1 trade deal. On the data front, the initial jobless claims came in at 222,000 for the week ended December 21st, which was in line with analysts estimates. The employment in the U.S. seems to be in good shape, which supports the positive mood in equities.
FTSE 100 rallied over 450 points after the UK general elections gave the Conservatives a clear victory and opened the way for the Brexit. GBPUSD weakness also helps equities as most of the companies included in the FTSE 100 index derive their earnings from international trading.