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London stocks rise on optimism over swift economic recovery | Malay Mail

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LONDON, April 1 — British shares tracked gains in Asian peers today, lifted by hopes of a swifter economic rebound this year, while Quilter rose after agreeing to sell its international business to Utmost Group. The blue-chip FTSE 100 index rose 0.5 per cent, with industrials and bank stocks,...

File photo of a worker sheltering from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008. ― Reuters picLONDON, April 1 — British shares tracked gains in Asian peers today, lifted by hopes of a swifter economic rebound this year, while Quilter rose after agreeing to sell its international business to Utmost Group.

“Despite the optimism surrounding the rollout of Covid-19 vaccines in a select group of countries, the virus continues to wreak havoc elsewhere,” Jeffrey Halley, senior market analyst, OANDA wrote in a note. The FTSE 100 has risen 4.6 per cent so far this year, supported by speedy vaccine rollouts and a raft of economic stimulus. But a recent spike in virus cases across Europe has made investors cautious.

 

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