The FTSE 100 has recovered nearly 33 per cent from its March 2020 lows, led by a raft of stimulus, but a surge in infections and widespread lockdowns recently have slowed economic growth. ― Reuters picLONDON, Feb 9 ― London's FTSE 100 snapped a three-day losing streak yesterday as mining and energy stocks tracked strong gains in commodity prices, while Arrow Global surged after private equity firm TDR Capital raised its buyout offer for the asset manager.
“There seems to be a very good progress being made on the US stimulus package as well and that's giving the market a boost.” All eyes this week will be on British GDP and manufacturing data for clues about the pace of the economic rebound.
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