Tuesday, 06 Apr 2021 05:11 PM MYTSubscribe to ourLONDON, April 6 — British shares were boosted today by heavyweight commodity and banking stocks, while prospects of a planned economic reopening from a coronavirus lockdown starting next week lifted beaten-down travel and leisure stocks.
Miners Rio Tinto, Glencore Plc, and Anglo American jumped more than 3 per cent each, tracking higher metal prices. Banks, including HSBC Holdings Plc, Barclays Plc, and Lloyds Banking Group Plc, were among the biggest gainers. Globally, mood was also lifted by strong economic data from the United States and China, and an easing in bond yields after a month of rapid gains.
“As uncertainty about Brexit has pretty much cleared away and of a stronger global economic recovery , I’d expect the UK economy is going to be in a better position than some this year and sort of more domestic kind of UK focus stocks to do quite well.”
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