FTSE 100 progresses but gains limited by concerns over spike in Covid cases, Sensex negotiates 100 points more Business News

London’s FTSE 100 ended higher on Tuesday as mining and retail stocks advanced, however, increasing cases of a new variant of Covid-19 in Europe and Asia fueled fears of a slowdown in economic recovery.

The blue-chip FTSE 100 finished up 14 points or 0.2% at 7,087. The domestically-focused FTSE 250 finished slightly higher, advancing nine points.

Mining stocks including Glencore, Rio Tinto and BHP boosted the index the most. While the increase in Delta variant cases in Europe cautioned investors, it also boosted online retail stocks like Just and Ocado Group, which rose 1.7% and 0.7%.

Major US stocks closed positively on Wall Street on Tuesday, as gains from big tech companies like Apple and Microsoft led the S&P 500 and the Nasdaq composite to close 0.1% and 0.2% higher. The Dow Jones Industrial Average rose less than 0.1 percent.

Asian markets opened positively on Wednesday as investors await data on manufacturing activity from China. The Shanghai Composite is trading at 0.2. percent higher, while Japan’s Nikkei 225 traded around the flat line.

The Indian BSR Sensex opened a hundred points up following a positive dynamic provided by its global peers. The NSE Nifty 50 also rose above the 15,800.

Additional reports by agencies

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This notice was published: 2021-06-30 05:17:21

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