London stocks rebounded somewhat on Wednesday and closed in positive territory as travel and tobacco companies rebounded strongly.
The FTSE 100 closed 35 points, or 0.5%, higher at 6,895, after falling sharply 2.0% on Tuesday. However, it failed to climb back to 7,000, a level it reached last Friday for the first time in over a year. The domestically-focused FTSE 250 finished down 22 points, or 0.1 percent, at 22,085.
Major European stocks also ended higher on Wednesday, with the CAC 40 in Paris ending up 0.7%, while the DAX 30 in Frankfurt rose 0.4%.
Wall Street stocks have emerged from a two-day losing streak, recovering from concerns over weak tech earnings and the growing number of Covid-19 cases around the world.
The S&P 500 gained 38 points, or 0.9%, to end at 4,173, getting a boost in the subsequent session. The Nasdaq Composite added 163 points, 1.2 percent, to hit 13,950. The Dow Jones Industrial Average added 316.01 points, or 0.9 percent, and closed at 34,137.
Positive global indices helped Asian markets rebound on Thursday, with Japanese stocks recovering from two days of losses and most major indices trading in the green, with the exception of Shanghai Composite which is experiencing a volatile session.
After a positive start, the Nikkei 225 traded 2% higher around noon, with Taiwan index 0.84% higher, Kospi 0.49% higher and Hang Seng 0.52% remaining at green throughout the morning session. Shanghai Composite trades slightly lower at 0.049
Australia’s S & P / ASX 200 also edged up trade by 0.45%.
Indian indices fell at the opening on Thursday, as the devastating second wave of coronavirus in India continues to worsen. The country’s GDP growth forecast by Care Ratings has been revised down to 10.2% in 2021-2022 from an earlier projection of 10.7-10.9%.
The BSE Sensex opened more than 450 points lower, while the Nifty 50 slipped below 14,200.
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Source: www.independent.co.uk
This notice was published: 2021-04-22 04:53:57
