London’s FTSE 100 edged higher on Friday, ending the trading week with the best gains in over a month as positive economic data helped lift sentiment.

The blue-chip FTSE 100 closed 46 points or 0.6% higher at 7,134, while the domestically-focused FTSE 250 gained 125 points or 0.5%.

Official data showed Britain’s recovery from the Covid-19 pandemic accelerated in April as lockdown measures eased, and production was a record 27.6% higher than ‘a year earlier when the virus was raging.

US stocks finished higher on Friday, supported by gains in financials and technology stocks. The Dow Jones Industrial Average rose 0.04%, or 13 points, to 34,479, while the S&P 500 index rose 0.19%, or 8 points to 4,247. The Nasdaq Composite Index closed 0.35%, or 49 points, up to 14,069.

The weekly performance of the S&P 500 and the Nasdaq has been modest. However, Dow Jones recorded small losses last week.

Asian markets traded mixed on Monday morning, however, several major markets remain closed for the holidays. In Japan, the Nikkei 225 rose 0.6%, while South Korea’s Kospi edged down. The MSCI’s largest Asia-Pacific stock index outside of Japan traded up 0.6%. Markets in Australia, mainland China and Hong Kong are closed on Mondays for public holidays.

Indian indices also opened lower with mixed indices from their global peers. Sensex lost 230 points or 0.4% shortly after the opening, but is recovering in the dying minutes. Nifty is also trading down 0.3%.

Additional reports by agencies

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Source: www.independent.co.uk
This notice was published: 2021-06-14 05:44:05

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