London’s FTSE 100 broke 7,000 to hit its highest level in more than a year after positive earnings boosted heavy stocks.

The blue chip index closed at 7,076, while the domestically-focused FTSE 250 also rose to 22,491.

Meanwhile, across the pond, an optimistic weekly jobless claims report pushed Wall Street stocks higher, with the Dow Jones Industrial Average closing at a record high at 34,548, or 0. , 93% more. The S&P 500 gained 0.82% to 4,201 and the Nasdaq Composite climbed 0.37% to 13,632.

However, vaccine stocks have plummeted after US President Joe Biden backed plans to waive patents on Covid-19 injections.

Asian markets started the trading session on a positive note on Friday with strong global indices, with shares from mainland China, Japan and Hong Kong all advancing. MSCI’s benchmark for global equity markets, which tracks stocks from 50 countries, edged up around 0.1%, on track for a 0.4% gain this week.

Indian stocks opened higher for a third straight session on Friday, following gains by global peers. The Sensex traded above 400 points in the early hours, and the Nifty remained above 14,800 points.

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Source: www.independent.co.uk
This notice was published: 2021-05-07 05:43:53