FTSE 100 ends back in the green; S&P 500 climbs toward a record in the US
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FTSE 100 ends back in the green; S&P 500 climbs toward a record in the US
The UK blue-chip index was supported by fashion group and oil companies, while Wall Street edged higher at midday in the US
FTSE 100 up 28 points
US stocks pick up
5.04pm: June off to to a positive start for markets
The FTSE 100 closed Wednesday up 28 points, 0.4%, at 7,108, while the FTSE 250 gained 58 points, 0.3%, to 22,933. The second day of June has been another broadly positive one for stock markets, although gains on the FTSE 100 have been somewhat muted, IG Chief Market Analyst Chris Beauchamp wrote. Markets are making steady progress this afternoon, although a lack of macro drivers have left things a little dull. However, ‘never short a dull market’ is a key adage for investors and traders, and remains an important principle to remember, especially when the urge to ‘sell in May (or June) and go away’