FTSE 100 Soars As Travel Stocks Rise, Sensex Takes A Positive Start Business News

London stock markets edged up on Monday, buoyed by airlines, after the European Commission chief signaled the European Union could open its borders to non-essential travel from the United States by the next summer.

The blue-chip stock index closed the session up 24 points, or 0.35%, at 6,963, closing in on 7,000 after Monday’s crash. While the domestically focused FTSE 250 also had a positive session, ending 205 points or 0.92 percent up to 22,577.

The easing of travel restrictions in the EU and vaccine passports in the US have helped bolster positive investor sentiment.

Meanwhile, US stocks have seen another rally as the S&P 500 and Nasdaq hit higher highs on Wall Street as investors brace themselves for a deluge of earnings reports from major US corporations. The S&P 500 was up 0.2%, the Nasdaq 0.9%, but the Dow Jones Industrial Average fell 0.2%.

Asian stocks traded lower on Tuesday despite positive global indices, as investors await the Bank of Japan’s decision on interest rates. Shanghai Tokyo, Hong Kong and South Korea stocks fell during the morning session.

Indian markets, meanwhile, got off to a positive start on Tuesday against a backdrop of a mixed global trend. The Sensex opened 0.08 percent, or 37 points, higher at 48,424, while the Nifty50 Index opened at 14,493, up 9 points, or 0.06 percent.

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This notice was published: 2021-04-27 04:34:50