FTSE 100 drops to one month low, Sensex opens higher Business News

London’s FTSE 100 fell sharply on Thursday to its worst levels in nearly a month, however abandoning earlier gains, seeing some recovery from the day’s lows in the second half.

The blue-chip FTSE 100 closed 0.6% or 41 points to 6963. The mid-sized FTSE 250 also fell 0.1% to 22,069 points.

Across the pond, US stocks rebounded, breaking the three-day losing streak with all three major indices closing higher. The rise came after data showed fewer Americans filed weekly claims and investors shrugged off inflation fears.

The Dow Jones Industrial Average rose 1.5%, the S&P 500 rose 1.4% and the Nasdaq Composite jumped 1.3%.

Asian markets edged up on Friday with positive global indices. At mid-session, Japan’s Nikkei 225 jumped more than 2% while South Korea’s Kospi was up 0.8%. Mainland Chinese stocks also edged up in morning trading, with the Shanghai Composite Index rising 1.2%. Hong Kong’s Hang Seng Index gained nearly 1 percent.

In Australia, the S & P / ASX 200 climbed 0.7%. The largest MSCI index of Asia-Pacific stocks outside of Japan traded 0.3 percent higher, from 0.7 at the start of the hours.

Indian stocks opened a little higher on Friday, supported by positive global indices and gains in the metals, pharmaceuticals and consumer goods sectors. However, investors have remained cautious about the economic impact of the pandemic as cases and deaths continue to rise in the country.

The Sensex rose 56 points to 48,747 while the Nifty rose 30 points to 14,727.

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This notice was published: 2021-05-14 06:10:07