FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
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FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern
FTSE 100 rises 58 points
US indices mixed as Nasdaq slides
Asia-focused banks suffer
5.15pm: FTSE can t quite reach 7,100
London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FT
European Markets Close On Upbeat Note On Buoyant Economic Data
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets closed on an upbeat note on Tuesday with several benchmark indices from the region posting new all-time highs, amid rising optimism about global economic recovery.
Stronger than expected economic data from China, and factory activity and inflation data from the euro area underpinned sentiment.
An announcement from French finance minister that the government will set up a 3 billion euro fund to support mid-sized and large companies as they emerge from the pandemic crisis helped as well.
The pan European Stoxx 600 climbed 0.75%. The U.K. s FTSE 100 surged up 0.82%, Germany s DAX advanced 0.95% and France s CAC gained 0.66%, while Switzerland s SMI ended 0.63% up.
FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Companies
Follow John on:
FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern
FTSE 100 rises 58 points
US indices mixed as Nasdaq slides
Asia-focused banks suffer
5.15pm: FTSE can t quite reach 7,100
London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FT
5/21/2021 8:32:13 AM GMT | By Dhwani Mehta
UK Manufacturing PMI beats estimates with 66.1 in May.
Services PMI in the UK eases to 61.8 in May, a miss.
GBP/USD keeps its range below 1.4200 amid mixed UK PMIs.
The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to 66.1 in May, the highest since Jan 1992, versus 60.0 expected and 60.9 – April’s final reading.
Meanwhile, the Flash UK Services Business Activity Index for May rose to 61.8 versus April’s final readout of 61.0 and 62.0 expected. The index reached the highest levels in 93 months.
Chris Williamson, Chief Business Economist at IHS Markit, commented on the survey