PremierLeague-News.Com FTSE 100 rallies early on as Moderna vaccine roll-out inspires renewed reopening optimism Breaking news
PremierLeague-News.Com - The UK’s major stocks started strongly on Wednesday as the nation starts its Moderna vaccine rollout, the third approved for Brits, reigniting reopening optimism among investors.
PremierLeague-News.Com - Breaking Sport Transfer News ! The UK’s major stocks started strongly on Wednesday as the nation starts its Moderna vaccine rollout, the third approved for Brits, reigniting reopening optimism among investors. With the UK’s lockdown set for another round of easing next Monday, businesses are gearing up for a resumption of trading that saw a flash PMI reading surge last month. Later today investors will get an idea of the state of the services sector with monthly purchasing managers’ data expected. Aside from the UK services PMI, investors will also be eyeing the latest set of minutes from the Federal Reserve to discern any more detail about the US central bank’s approach to possible interest rate rises and economic forecasts for the coming years. The benchmark FTSE 100 jumped more than 0.8% to 6,880.02 in early deals despite a sluggish session for Wall Street overnight. The Dow Jones Industrial Average closed 0.29% lower at 33,430 while the S&P 500 dropped 0.1% to 4,073. The tech-heavy Nasdaq Composite fell 0.05% to 13,698. The picture was more mixed in Asia this morning, with Japan’s Nikkei 225 rising 0.
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On currency markets, the pound was up 0.01% against the dollar at $1.382, although the services data and Fed minutes later today could provide some movement catalysts.
DEBT PILE DOWN
On the market, BP (BP.) led the blue-chip index higher with a 3% gain at 309p after its latest results revealed it was cutting its debt pile at a faster than forecast rate.
Retail landlord Land Securities (LAND) and housebuilders Persimmon (PSN) and Taylor Wimpey (TW.) were also firm as Britons prepared to return to the shopping malls and accelerate new home purchases.
Legal wrangling with Fox Corp over a disputed stake in FanDuel put pressure on gaming group Flutter Entertainment (FLTR), which headed the FTSE loser board with a 1.6% decline at £154.50.
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