The UK’s blue-chip stock index briefly rallied above the milestone before falling back slightly
The US government has slashed proposed tariffs on Italian pasta that would have almost doubled the cost of many brands for shoppers.
Donald Trump had threatened to impose tariffs as high as 92% on Italian pasta companies, after accusing 13 producers including Barilla, La Molisana and Pastificio Lucio Garofalo of selling their products at unfairly low prices.
While the index’s recent outperformance may become choppier in 2026, it remains fundamentally supported by globally diversified earnings, strong cash generation and the prospect of a more accommodative Bank of England, suggesting the trend is sustainable even if gains moderate compared to 2025’s over 20% advance.
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