FTSE 100 ends in positive territory; Wall Street reacts to strong jobs data
The UK blue chip index moved higher while Wall Street benefits from better than expected US jobless claims and Bitcoin recovers
FTSE 100 up 70 points
US riding higher
5.10pm: Positive morning on Wall Street helps FTSE to the finish
The FTSE 100 ended Thursday up 70 points, 1%, at 7,020, and the FTSE 250 added 157 points, 0.7%, to 22,392. What a difference a day makes, IG Senior Market Analyst Joshua Mahony wrote. Financial markets have gone from a sea of red to one of overwhelming optimism, with the Nasdaq and DAX leading the charge.
Speaking of, the US tech-focused exchange was up 207 points, 1.6% to 13,507 at midday. The Dow gained 241 points, 0.7%, to 34,137, and the S&P 500 rose 42 points, 1%, to 4,158.
Need to Know: Forget the crypto chaos Look at this underappreciated sector for stock-market gains, says strategist
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FTSE 100 ends in positive territory; Wall Street reacts to strong jobs data
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European stocks head towards all-time highs as Fed fears abate US central bankers allay concerns over withdrawal of pandemic crisis monetary support
Tue, May 18, 2021, 10:43
In Asia, Tokyo’s Topix closed 1.5 per cent higher and Hong Kong’s Hang Seng index added 1.3 per cent.
European equities headed towards all-time highs on Tuesday after US central bankers soothed concerns about the Federal Reserve withdrawing its pandemic crisis monetary support.
The Stoxx 600 index opened 0.7 per cent higher at 445.2 points, close to its closing record of 445.4 on May 10. London’s FTSE 100 added 1 per cent.
An estimate of eurozone GDP growth released later on Tuesday is expected to show that the bloc’s economy contracted 1.8 per cent in the first quarter, year on year. This would put its economic recovery from the pandemic far behind that of the US, which is rebounding strongly.