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UK, USA Stock Markets Hit Record High After Trump Withdraws from Paris Climate Pact

The president faced a backlash after confirming that he would reverse his Barack Obama’s decision to join the pact to cut emissions.But stock markets appeared to brush off the news.

The S&P yesterday hit a fresh record highs, while the Dow Jones surged by 0.65 per cent.

Today Britain’s FTSE 100 followed the lead to reach to new top levels of 7,598.

US stock markets were helped by a fresh round of positive economic data, with the latest jobs numbers coming in far higher than expected.