FTSE 100 nears 7000 as FTSE 250 hits another record high, Sensex leads positive path Business News

London’s FTSE 100 approaches the 7,000 mark as it ends at just 17 points on Thursday, while the FTSE 250 hits another record, supported by economic recovery and reopening,

The strong session in UK markets on Thursday lifted the blue chip FTSE 100 to its highest level since the February 2020 stock market crash, reaching 6,983, up 43 points or 0.63 per. While the domestically focused FTSE 250 also maintained its one-month momentum, closing 116 more points to hit a record 22,472.

Shares of Oxford Biomedica – which is part of the FTSE 250 – hit their highest level since mid-March after vaccine maker Covid announced it saw revenue rise by a third in 2020 and that his revenue forecast was £ 50. million for this year. Mining giants like Antofagasta, Fresnillo and Polymetal continued to advance on day two.

Meanwhile, across the pond, US stocks have hit higher highs as strong corporate earnings and better-than-expected economic data push Wall Street stocks higher. The S&P 500 rose 1.1% on Thursday and the Dow Jones Industrial Average added 0.9%, both reaching all-time highs. The Nasdaq closed with the highest gains among the indices at 1.3%.

Asian equities on Thursday saw a mixed opening despite strong global indices as investors waited for Chinese economic data, which turned out to be positive. Shanghai Composite, Hang Seng and Kospi experienced a volatile trading session in the morning with minor gains. Japanese stocks opened higher and slipped in the early hours, however, they continued to trade green.

As of noon, mainland Chinese stocks were higher, with the Shanghai composite gaining 0.4% after the report said the Chinese economy jumped 18.3% in the first quarter. Hong Kong’s Hang Seng Index also rose 0.4%. The Nikkei 225 in Japan rose 0.2%. The South Korean Kospi rose 0.7%. Australian stocks slipped as the S & P / ASX 200 fell 0.16 percent.

Indian indices opened higher on Friday, following gains by global peers following positive data in the United States and China, led by banking, metals and pharmaceuticals stocks. The Sensex opened over 100 points or 0.3% higher to 48,935, and Nifty 50 opened 14,599 minutes later with a gain of nearly 50 points.

On Wednesday, D-street shares ended higher after a volatile session with the Sensex finishing 259 points higher at 48,803 and the Nifty rising 77 points to settle at 14,581.