Long -wrote as a dinosaur of global markets, FTSE 100 The index suddenly roared to life, like something from Jurassic Park.

It increases by 23.5% in six months and so far 16.4%. And today (October 6), 9,500 end -up barriers violated for the first time.

Is 10,000 mighty on the cards until the end of 2025? I would not exclude this, considering the mighty shoots of the blue chip index.

Counterininating

At one level, this growth is a bit contrary to intuition. After all, the British economy almost does not shoot at all cylinders. And while most Footie companies earn most of the profits abroad, the global economy is also harassed by tariff uncertainty and a very overcast perspective.

Meanwhile, the recent French Prime Minister, Sebastian Lecorn, simply abandoned less than a month unexpectedly. Fiona Cincotta, a senior market analyst at the City index, was cited by Reuters Saying: “The fact that the French prime minister has resigned increases the fears of political and fiscal stability, and more broadly in Great Britain and Europe. “

Again, you wouldn’t know that there are any concerns about European indexes. France CAC 40 so far it has increased by 8%while Germany DAX 40 It increased by almost 23%.

Spain IBEX 35 It is not laggard, with the benefits 34.5% in 2025, before dividends.

What’s going on?

This makes more sense when we look at what investors bought. In Great Britain and Europe (which do not have many huge technical actions and artificial intelligence), they have largely benefited from banks and defense.

Banks in Great Britain returned after almost two decades in the desert after the global financial crisis. Much stronger balance sheets enabled lenders to leave both Covid and the 2023 banking crisis without collecting capital.

Because elevated interest rates lead to better profitability, and the feet apparently remain higher for longer, investors are still inserting. HSBC (LSE: HSBA), BarclaysAND Nestwest This year, they increased by 36%, 44%and 36%, respectively. Meanwhile, Lloyds It increased by about 54%!

Unfortunately, the boost in defense inventory is obvious when the war of Ukraine spread. A huge boost in weapons expenditure will occur throughout Europe over the next decade.

In response to Babcock International The shares have increased so far by 158%, a BAE systems developed 77%.

Is there any value remained?

Of the six names mentioned above, I have BAE and HSBC actions. But Bae looks a bit very valued to me, trading 27.5 of this year’s forecasts. The dividend performance is currently only 1.7%.

However, I think that HSBC shares still look decent value. They trade 10 times earnings ahead, while offering a decent profitability 4.9%.

One of the challenges for HSBC is global trade uncertainty. As a bank focused on Asia, HSBC is more susceptible to tariffs and a slowdown related to trade in the region. This is a constant risk.

However, HSBC is moving so well at the moment. He lasts costs, generating more fees than wealthy customers, and recently announced a recent program for buying shares worth USD 3 billion. The dividend is twice covered by forecast earnings.

In the long run I remain stubborn in HSBC growth prospects throughout Asia. If I hadn’t had a decent farm yet, I would consider buying shares today, even with it near the record.