FTSE 100 edges above 7100 with positive open Covid, Sensex and Nifty restrictions easing Business News

London’s FTSE 100 hit a 15-month high at over 7,100 as the UK government moved to ease Covid-19 restrictions from May 17, including indoor meetings and non-quarantine trips to 12 countries.

The London main stock index on Friday closed at 7,129, up 53 points. The domestically focused FTSE 250 closed 283 more points at 22,775 points.

Meanwhile, US employment data and the surge in mega-cap stocks edged out indices on Wall Street, with the Nasdaq Composite rallying and adding 119 points, or 0.88%, to close at 13,752. The Dow Jones Industrial Average hit record highs of 34,776, up 227 points, or 0.66%, while the S&P 500 gained 30 points, or 0.73%, to 4,232.

On Monday, markets mostly rose in Asia following positive global indices and higher oil and gas prices following a cyberattack on a key US pipeline operator. The MSCI’s largest Asia-Pacific stock index outside of Japan rose 0.49 percent.

Japan’s Nikkei rose 0.56 percent, South Korea’s Kospi rose 1.5 percent, Shanghai Composite was almost stable, however, Hang Seng fell 0.33 percent.

Indian indices also opened higher on Monday after gains by Asian peers amid strong global signals. However, the Covid situation in India remains a concern for investors. At the opening. the Sensex rose 289 points to 49,496 while the Nifty by about 100 points to 14,928 points.

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This notice was published: 2021-05-10 05:26:00