FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
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FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern
FTSE 100 rises 58 points
US indices mixed as Nasdaq slides
Asia-focused banks suffer
5.15pm: FTSE can t quite reach 7,100
London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FT
FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Companies
Follow John on:
FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower
Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern
FTSE 100 rises 58 points
US indices mixed as Nasdaq slides
Asia-focused banks suffer
5.15pm: FTSE can t quite reach 7,100
London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FT
Last modified on Tue 25 May 2021 05.32 EDT
Britain’s stronger than expected recovery during the third lockdown limited government borrowing in April to just less than £32bn, an improvement of £16bn on the record high set a year earlier.
As parts of the economy reopened and businesses adapted to Covid restrictions, tax receipts improved from a year earlier and government spending on the furlough scheme fell, said the Office for National Statistics (ONS).
The Office for Budget Responsibility, the Treasury independent economic forecaster, said in March it expected borrowing in April to be £39bn, more than 20% higher than the £31.7bn total estimated by the ONS.
Manufacturing activity has ben resurgent By Scott Wright HOPES have been raised that UK economic growth is picking up pace in the second quarter after a key survey signalled a big leap in private sector activity in May, driven by a resurgence in manufacturing and the reopening of retail and hospitality. The seasonally adjusted, flash composite purchasing managers index (PMI) for the services and manufacturing sectors reached a series high of 62.0 in May, up from 60.7 in April. The index gave readings of 56.4 in March and 49.6 in February. IHS Markit and CIPS (Chartered Institute of Procurement & Supply), which compile the data, said the rate of expansion was the fastest since the composite index began in January 1998, and was underpinned by strong contributions from manufacturing and services.
UK retail sales see robust growth in April as shops reopen: ONS - World News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.