Rolling coverage of the latest economic and financial news
- London open: FTSE 100 rises 1.6%
- Introduction: Biden Bounce in full swing
- Investors hope for fiscal package and calmer governance
8.13am GMT
Every share on the Footsie is higher this morning, led by mining companies, consumer cyclical firms, industrial stocks and banks.
8.13am GMT
Britain’s stock market has hit its highest level in nearly four weeks, at the start of trading in London.
The FTSE 100 index of blue-chip shares has surged by 94 points, or 1.6%, to 6004 points. That’s its highest level since 14 October, as investors react to Joe Biden and Kamala Harris’s victory.
Three minutes in and FTSE 100 up 1.3%. Markets seem to agree with everyone else that Biden’s won, even if Trump hasn’t.
Continue reading…Rolling coverage of the latest economic and financial newsLondon open: FTSE 100 rises 1.6%Introduction: Biden Bounce in full swingInvestors hope for fiscal package and calmer governance 8.13am GMTEvery share on the Footsie is higher this morning, led by mining companies, consumer cyclical firms, industrial stocks and banks. 8.13am GMTBritain’s stock market has hit its highest level in nearly four weeks, at the start of trading in London.The FTSE 100 index of blue-chip shares has surged by 94 points, or 1.6%, to 6004 points. That’s its highest level since 14 October, as investors react to Joe Biden and Kamala Harris’s victory.Three minutes in and FTSE 100 up 1.3%. Markets seem to agree with everyone else that Biden’s won, even if Trump hasn’t. Continue reading…