FTSE 100 opens higher as Sensex and Nifty also make gains Business News

London’s FTSE 100 opened higher on Wednesday morning

The blue-chip FTSE 100 opened 0.4% more to 6,972.94, while the domestically-focused FTSE 250 gained 0.5% to 22,550.9.

Lloyds Banking Group was FTSE’s biggest hike, up 4.2% after reporting better-than-expected earnings.

European counterparts like CAC and DAX also rose on Wednesday.

US stocks closed, followed by earnings from tech companies and other giants. The Dow Jones Industrial Average rose 0.01% to end at 33,984 points, while the S&P 500 lost 0.02% to 4,186 points. The Nasdaq Composite fell 0.34% to 14090.

Asian stocks were mixed on Wednesday as investors waited for global indices ahead of a US Federal Reserve meeting. Japan’s Nikkei 225 gained over 100 points around noon, after lagging in the early hours of the morning, while Hang Seng also traded green.

However, South Korea’s Kospi fell to 0.9 percent by noon, and Shanghai Composite was little changed. Australian stocks rose 0.52 percent.

Meanwhile, Indian markets opened higher on Wednesday as the Sensex opened above 49,000 and traded half a percent higher, while Nifty opened at 14,710.