FX.co ★ FTSE 100 Books 6th Daily Gain

The FTSE 100 extended its upward trajectory into a sixth consecutive session on Friday, nearing its record peak, buoyed by significant advances in defense and gold mining stocks alongside adjustments in the index's composition. Notably, BAE Systems has surpassed BP in market valuation, with Fresnillo outperforming Rio Tinto. Fresnillo stands out as this week's top performer with a 16% increase, closely followed by Babcock International, a defense contractor, which posted a 13% gain. On the economic front, US employment data surpassed expectations with 139,000 jobs added in May, despite a downward revision of April’s figures. In the UK, the latest report from Halifax revealed a 0.4% decline in house prices for May; however, the market is described as generally stable, reflecting an annual growth rate of 2.5% aided by favorable mortgage terms and stable wage increases. Looking ahead, market participants will turn their attention to upcoming UK GDP and employment statistics, as well as the government's spending review scheduled for June 11.