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FTSE 100 keeps rising as recovery stocks and miners continue to provide support

Tetra Bio-Pharma Inc (TSE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) expects to generate over C$47.5M from DanCann Pharma distribution deal HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) plans at least 16,000 metres of drilling in Alaska this year as it approves C$10M exploration budget CytoDyn Inc (OTCQB:CYDY) strikes agreement with AEIH in Brazil to run two coronavirus trials using its flagship drug leronlimab 2.39pm: Wall Street opens higher after ADP jobs data The main indices on Wall Street opened on the front foot on Wednesday after the latest ADP jobs report showed a surge in private sector hiring in April, although less than analysts had expected.

FTSE 100 continues to gain ground, but UK car sales give mixed signals

FTSE 100 steady above 7000 level with Wall Street set to open higher Companies FTSE 100 steady above 7000 level with Wall Street set to open higher The index of UK-blue-chips in positive mood while US is set to make a positive start as investors await jobs and services data FTSE 100 up 81 points Dow to see early gains Croda higher on restructuring talk 12.35pm: US market expected to recover Wall Street is set to recover after Tuesday s caution as US Treasury Secretary Janet Yellen rattled the cages with talk of interest rate rises. The Dow Jones Industrial Average, which ended off its worst levels despite Yellen s comments, is expected to open 70 points or 0.22% higher at around 34,203 while the S&P 500 is forecast to rise by 0.3%. The Nasdaq Composite, which bore the brunt of Tuesday s selling and fell 1.88% as growth stocks fell out of favour again,  is set to recover by around 0.5%.

FTSE 100 to start higher as momentum returns

FTSE 100 edges above 7000 level once again, as markets ignore inflation risks Companies FTSE 100 edges above 7000 level once again, as markets ignore inflation risks The index of UK-blue-chips in positive mood as commodity companies provide support and dealers forget about Yellen comments FTSE 100 up 83 points Croda higher on restructuring talk Miners ahead 10.48am: Markets shrug off Yellen comments Leading shares are holding onto the 7000 level, as commodity stocks provide support and Tuesday s comments about interest rate hikes from US Treasury Secretary Janet Yellen fade into the background. The FTSE 100 is now up 83.35 points or 1.2% at 7006.52. Whether it ends the day above the key level remains to be seen - we have been here before.

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