FTSE 100 Advances As Mining And Travel Stocks Gain Business News

London’s FTSE 100 edged higher on Tuesday with help from mining, travel and leisure stocks, as investors shrugged off concerns about delays in lifting UK social distancing rules.

The blue-chip FTSE 100 index rose 0.3%, while the domestically-focused FTSE 250 mid-cap index fell 0.1%, led by weakness in tech and industrials.

Intermediate Capital Group and British American Tobacco posted positive earnings, while Flutter Entertainment, Compass Group, Just Eat and InterContinental Hotels Group were among the top winners.

Across the pond, major Wall Street indices hovered around the flat line, but managed to close mostly positively, supported by gains from large tech companies. The S&P 500 was virtually unchanged and rose less than 0.1%. The Dow Jones Industrial Average fell 0.1%, and the tech heavyweight Nasdaq Composite rose 0.3%, boosted by surges from Amazon and Apple.

The US Senate voted 68-32 to approve a broad set of laws aimed at strengthening the country’s ability to compete with Chinese technology.

Stocks in the Asia-Pacific region were mixed on Wednesday morning, followed by a stable close in the United States and ahead of Chinese inflation data expected later today. In Japan, the Nikkei 225 was trading down 0.3%. South Korea’s Kospi also fell 0.3 percent. The Hang Seng index hovered around a flat line, while the Shanghai Composite traded slightly higher.

Indian indices opened with marginal gains on Wednesday as energy stocks advanced with crude oil prices at a two-year high, but banks and financials fell.

Sensex opened at 52,401, up 126 points, or 0.2%, while Nifty opened at 15,766, up 26 points, or 0.16% on Wednesday.

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This notice was published: 2021-06-09 05:00:03

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