FTSE 100 Bounces Back From Crash As Global Markets Also Recover Losses, Sensex At All-Time High Business News

London’s FTSE 100 rebounded on Monday, helped by mining and industrials, as the index rallied slightly from losses last week.

The blue chip index closed 45 points or 0.6% higher at 7,062, after falling nearly 2% in the previous session, to the low of the month.

Meanwhile, the domestically-focused FTSE 250 also edged up and rose 0.6%.

Across the pond, US stocks have recouped most of their steep losses from last week in hopes of a broader economic recovery. The Dow Jones Industrial Average index rose 587 points, or 1.7 percent, to 33,877. The S&P 500 Index slipped 58 points, or 1.4%, to 4,225. The Nasdaq Composite Index , with a strong technological component, added 111 points, or 0.8%, to 14,141.

Asia-Pacific equities also rose on Tuesday morning, following the rally by global peers. Japan’s Nikkei covered all losses and rose more than three percent by noon, after falling three percent yesterday. Hang Seng opened a positive session but is in a volatile session and is trading with a loss of 0.15%.

Shanghai Composite is trading 0.8% higher.

Indian indices opened higher with Sensex to an all-time high on Tuesday as the global rally gives stocks the needed push. Nationally, auto, energy and banking stocks advanced, taking Sensex to nearly 53,000. Nifty is at 15,876.

More about this article: Read More
This notice was published: 2021-06-22 06:07:13

Leave a Reply

Your email address will not be published. Required fields are marked *