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UK stocks open 0.6% higher on US stimulus, vaccine optimism | 19 January 2021


19 January 2021 | 08:43am
StockMarketWire.com - UK stocks opened higher on Tuesday, in line with European and Asian exchanges, as sentiment was buoyed by heightened anticipation of a bumper US stimulus package and Covid-19 vaccine hopes.
At 0826, the benchmark FTSE 100 index was up 39.41 points, or 0.6%, at 6,760.06.
Mining company Rio Tinto added 1.0% to £60.31 after it boosted fourth-quarter production and shipments of iron ore from Australia s Pilbara region.
Fashion retailer Superdry slumped 5.3% to 227.2p, having reported a deeper first-half loss and scrapped its interim dividend, as the pandemic and related store closures disrupted its turnaround attempts.
Credit data provider Experian rose 1.6% to £27.23 after it reported a 10% increase in third-quarter revenue as stronger growth in North America and Latin America helped offset weakness in UK and Ireland. ....

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