industry

FTSE 100 LIVE: UK market soars on open as hopes grow for economic boost


Japan’s Topix index rose 1.4 percent on Wednesday morning in Asia, the FT reported. Australia’s S&P/ASX 200 rose 1.3 percent.

Hong Kong’s Hang Seng was up 0.3 percent, while China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks fell 0.4 percent.

Overnight on Wall Street, the S&P 500 closed 1.3 percent higher.

The market recovered after Lael Brainard, a governor at the US Federal Reserve, spoke about doing more to boost the economy, including introducing yield curve control.

FOLLOW OUR LATEST UPDATES HERE:

1.30pm update: EU markets on the up

European markets are also enjoying today, with Euronext 100, CAC 40, DAX and Swiss Market index all up. 

Euronext is up 2.08%, CAC 40 2.40%, DAX 1.75% and Swiss Market 1.74%. 

FTSE has continued to rise and is now sitting pretty on 6,305, marking a 1.99% rise on the day. 

11.40am update: FTSE surge continues

The FTSE continues to fly this morning, gaining further on a strong open. 

The index has rocked from 6,179 on open to 6,257 – it’s highest point in over a week. 

9am update: FTSE soars on open

The FTSE 100 has started brightly this morning, rising from yesterday’s close of 6,179 to 6,227 this morning. 

This represents a 0.87% rise, as hopes of a post-coronavirus economic recovery grow. 

More to follow…





READ SOURCE

Leave a Reply