FTSE 100 edges above 7,100 with easing Covid restrictions, Sensex and Nifty open positive
Asian markets rise following positive global cues and a hike in oil and gas prices
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.London’s FTSE 100 surged to a 15-month high to over 7,100 as the UK government decided to ease Covid-19 restrictions further on from May 17, including indoor meetings and quarantine-free travel to 12 countries.
On Friday, the index of London’s leading share closed at 7,129, rising 53 points. The domestically focused FTSE 250 closed 283 points higher at 22,775.
Meanwhile, the US jobs data and surge in mega cap stocks edged the indexes at Wall Street as the Nasdaq Composite recovered and added 119 points, or 0.88 per cent, to close at 13,752. The Dow Jones Industrial Average rose to record levels of 34,776, rising by 227 points, or 0.66 per cent, along with S&P 500 gaining 30 points, or 0.73 per cent, to 4,232.
On Monday, markets mostly rose in Asia following positive global cues and a hike in oil and gas prices following after a cyber attack on a key US pipeline operator. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.49 per cent.
Japan’s Nikkei rose 0.56 per cent, South Korea’s Kospi was up 1.5 per cent, Shanghai Composite was almost flat, however, Hang Seng came crashing 0.33 per cent down.
Indian indices also opened higher on Monday following gains in Asian peers amid strong global cues. However, India’s Covid situation remains a concern for investors. At the opening. the Sensex was up 289 points at 49,496 while the Nifty around 100 points to 14,928.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments