FTSE 100 Closes Above 7000 With Positive US Data, Sensex Slips After Open Business News

London’s FTSE 100 broke 7,000 again on Wednesday, recovering from earlier losses, led by mining stocks, after US data raised hopes of an economic rebound.

The main stock index FTSE 100 closed at 116, or 1.68 percent at 7,039, while the domestically-focused FTSE 250 closed 55 points at 22,385.

Across the pond, Wall Street stocks had a mixed close, with positive economic data pushing the Dow Jones Industrial Average to highs at 34230, up 0.29% while the S&P 500 gained just 2 points, or 0.07%, to close at 4.167. But the Nasdaq Composite gave up its earlier gains and finished at 51 points, or 0.37%, down to 13,582.

Asian markets got off to a good start on Thursday with positive global indices. Nikkei 225 has jumped nearly 2 percent in previous trading, holding onto most of its gains throughout the session until noon. The South Korean Kospi rose 0.7 percent and is trading with a lead of 1.5 percent. In Hong Kong, the Hang Seng index rose 1.15 percent, but fell after the first few hours.

India’s indices also opened higher on Thursday, following positive global indices, and as the governor of the country’s Reserve Bank announced a series of measures to tackle the pandemic, raising investor sentiment. The Sensex opened 200 points higher to 48,877, although it slipped after a few hours of selling in bank stocks. The Nifty 50 was also dragged down after a positive open and continues to trade below 14,700.

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This notice was published: 2021-05-06 05:37:43