The FTSE 250 edged up to a new record high in early trading on Monday, as stock markets across the continent rose on a quiet day for corporate results.

The mid-cap index hit an intraday high of 18,746 at the start of trading, having ended last week at a record close of 18,715.

The FTSE 250, which is made up of mostly UK-focused companies, advanced in recent weeks despite the more international FTSE 100 index slipping back.

However, Monday’s gains came alongside a more general rise in European equity markets, as renewed optimism about tax cuts and growth in the US boosts riskier investments like stocks at the expense of haven assets.

Get alerts on UK equities when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.

Comments have not been enabled for this article.

Follow the topics in this article