LONDON, Aug 25 — London’s FTSE 100 rose slightly today, helped by gains in healthcare and financial stocks, while investors assessed risks from rising Covid-19 infections globally and concerns about easing economic growth.
“The FTSE 100 being quite bank stocks-heavy is expected to perform better if not maintain positive levels, with financial stocks set to gain going ahead on chatter of a higher interest rate regime or a slight tapering of central bank purchases,” said David Madden, an analyst at Equiti Capital. But fears that the recovery could stall as central banks begin to discuss tapering of their asset purchases have weighed on the pace of growth.
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