London stocks hit new record at open

The London stock market struck a new record peak in opening deals on Wednesday, propelled by easing geopolitical tensions and interest rate cut hopes as inflation cools.

London‍‍`s benchmark FTSE 100 index of top companies rallied to an all-time pinnacle of 8,083.92, eclipsing the previous record that was set Tuesday.

The FTSE later stood at 8,071.51, up 0.3 percent from Tuesday‍‍`s closing level.

Elsewhere, Frankfurt‍‍`s DAX gained 0.2 percent to 18,173.29 at the open, while the Paris CAC 40 fell 0.2 percent to 8,091.60 after French luxury group Kering issued a profit warning over slumping Gucci sales.