Editor's PickMarket News

FTSE 100 to start Thursday positively as global equity benchmarks rally

The FTSE 100 is expected to start Thursday on the front foot after US markets shook off the brief recent losses and evidently cheered up. CFD provider IG Markets sees the FTSE 100 up around 20 points, making London’s blue-chip benchmark 6,683 to 6,686 with just over an hour to go until the open. It follows a trading rebound on Wall Street, coinciding with comments from Federal Reserve officials which were talking down the threat of higher interest rates. The Dow Jones rallied to mark a 424 point or 1.35% gain for Wednesday, closing at 31,961m whilst the S&P 500 climbed 1.14% to 3,925 at the end of Wednesday’s session. At the same time, the Nasdaq notched a 0.99% rise to 13,597 and the small-cap centric Russell 2000 index made the biggest gain, rising 2.38% to 2,284 by the close. “After a negative start US markets underwent a turnaround in fortune with the Dow leading the way powered by the likes of energy and financials, while tech lagged behind,” said Michael Hewson, analyst at CMC Markets. He added: “After last night’s record close for the Dow and subsequent rebound in the S&P500 and Nasdaq, markets here in Europe look set to open higher encouraged by the prospects of a continued reopening, and central banks that are in no hurry to pare back their stimulus attempts, as Asia markets reversed yesterday’s declines.” In Asia, Japan’s Nikkei advanced around 1.6% to 30,168 and Hong Kong’s Hang Seng moved 1.76% higher to 30,241. The Shanghai Composite added 0.6% to 3,585. Around the markets The pound: US$1.4156, up 0.11% Gold: US$1,794, down 0.47% Silver: US$27.86, down 0.23% Brent crude: US$67.23, up 2.8% WTI crude: US$63.37, up 2.75% Bitcoin: US$50,465, up 1.08%

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable.Stay informed and entertained, for free.Subscribe to our newsletter

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!