FTSE 100 soars as crypto recovery and oil prices boost global markets Business News

London’s FTSE 100 edged higher on Monday after posting a weekly loss as oil companies surged. Global markets have also shown a recovery with the rebound in tech stocks.

The blue chip index rose 0.5% to 7,051, while the mid-cap, domestically-focused FTSE 250 added 0.4%.

Wall Street stocks also rose on Monday, as tech stocks regained momentum and a rally in crypto, as well as a pullback in US Treasury yields. The S&P 500 rose 41 points or 1%, the Dow Jones Industrial Average added 186 points or 0.5% and the highly technological Nasdaq composite rose 190 points or 1.4%.

Tech stocks added 1.4% to leading sector gains, companies like Apple Inc, Microsoft Corp and Nvidia gave the benchmark S&P 500 a boost after a tough period for bitcoin this weekend. end.

Bitcoin, which fell less than $ 32,000 on Sunday, rebounded 20% to over $ 39,000 on Monday.

On Tuesday morning, Asia-Pacific stocks opened higher on positive indices from the United States. In Japan, the Nikkei 225 index rose 0.6% at noon. The South Korean Kospi climbed 0.7%. The S & P / ASX 200 in Australia was 0.6% higher.

Hong Kong stocks edged up 1.26 percent, while the MSCI’s largest Asia-Pacific stock index outside of Japan traded 1.22 percent higher.

Indian indices opened higher on Tuesday after gains by Asian peers after Wall Street rose in overnight trading. Sensex rose 234 points to 50,886 while the Nifty rose 85 points to 15,282 at the start of the trade.

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This notice was published: 2021-05-25 04:55:06