Strong earnings, dovish Fed drive FTSE 100 higher | Malay Mail

The London Stock Exchange Group in London March 9, 2020. — IPA/ABACA pic via ReutersLONDON, April 29 — London’s FTSE 100 climbed on Thursday supported by an accommodative policy stance by the US Fed, while positive earnings updates from companies including Smith+Nephew and Unilever helped the blue-chip index surge past the 7,000 mark.

The FTSE 100 was further supported by Unilever, which gained 3 per cent after it beat quarterly sales forecasts, helped by a pick up in home cooking during coronavirus lockdowns and a strong economic recovery in China. “This is a steeplechase and we are just running over the latest obstacle, as a liquidity-fuelled rally continues.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strong earnings pull FTSE 100 higher ahead of BoE meet, election day | Malay MailLONDON, May 6 — London’s FTSE 100 edged higher today, boosted by heavyweight consumer staple stocks and positive earnings updates from Next and Melrose Industries, while investors eyed Bank of England’s policy decision and local and regional elections. The blue-chip index rose 0.2 per cent,...
Source: malaymail - 🏆 1. / 86 Read more »