Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > London's FTSE 100 closes at record highs after US jobs data, Glencore boost

London's FTSE 100 closes at record highs after US jobs data, Glencore boost

Published by Global Banking and Finance Review

Posted on January 9, 2026

Featured image for article about Finance

Tags:London Stock Exchange mining stocks financial markets investment portfolios economic growth

FTSE 100 Hits All-Time High Following US Jobs Report and Glencore Surge

FTSE 100 Performance Overview

Jan 9 (Reuters) - UK's FTSE 100 clocked a record high close on Friday as global sentiment got a lift from a U.S. jobs report which kept future Federal Reserve interest cuts on the table, and Glencore shares topped the index on the prospects of a merger.

The miner's shares jumped 9.6% to their highest since July 2024 following news it is in talks with Rio Tinto, about a takeover that would create the world's largest mining group, valued at almost $207 billion.

London-listed shares of Rio closed 3% lower.

Impact of US Jobs Data

The blue-chip FTSE 100 recorded its second straight weekly gain and its highest ever close of 10,126.6 points, marking a 0.8% gain on the day.

The pan-European STOXX 600 index also climbed almost 1% to an all-time high.

Glencore and Mining Sector Developments

Global risk appetite firmed after data showed U.S. employment growth slowed more than expected in December, with traders still pricing in about 54 basis points of easing in 2026, according to data compiled by LSEG.

Sector Performance Highlights

Energy gained 2.8%, among the biggest boosts to the FTSE 100, tracking higher crude oil prices.

British midcaps also climbed 0.6%, hovering near their highest in more than three years and clocking their fourth straight weekly gain.

Sainsbury's Sales Decline

Among other stocks, Sainsbury's fell 5.3% after Britain's second-largest supermarket group reported a fall in general merchandise and clothing sales for the Christmas quarter.

IAG Leadership Changes

IAG fell 2.7% after the airline group named the finance chief of its British Airways unit, Jose Antonio Barrionuevo, as the group's new CFO starting in June.

(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Vijay Kishore and Andrew Heavens)

Frequently Asked Questions about London's FTSE 100 closes at record highs after US jobs data, Glencore boost

1What is a merger?

A merger is a business combination where two companies join to form a single entity, often to enhance market share, reduce competition, or achieve operational efficiencies.

2What are energy stocks?

Energy stocks are shares in companies involved in the production and distribution of energy, including oil, gas, and renewable energy sources, often influenced by global energy prices.

3What is investor sentiment?

Investor sentiment refers to the overall attitude of investors toward a particular market or asset, which can influence buying and selling decisions in financial markets.

4What is a stress test in banking?

A stress test in banking evaluates how financial institutions can withstand economic shocks by simulating adverse conditions to assess their resilience and capital adequacy.