FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey's stock market halts trading after main index drops 7%

• FTSE 100 hits fresh all-time high as inflation and recession fears ease
• Slowing economic growth and a FTSE record high can coexist - here's how

UK equity markets remain on the front foot today, says Neil Wilson of Markets.com.

Wilson says China's economic reopening has lifted the FTSE 100, and predicts the index could soon reach 8,000 points. He adds:

Bulls pushed the FTSE 100 to a new record intraday high at 7,926 in early trading as investors continue to shrug off just about most things. 8,000 looks assured.