FTSE 100 LIVE: Dow Jones enjoys storming rally – London’s blue chip in for positive start

London’s blue-chip FTSE 100 index is predicted to open at 55 points higher after closing up over 166 points, up 3.08 percent, at 5,582 the previous session as the UK continues to fight the deadly coronavirus outbreak. The news comes despite it emerging last night that Prime Minister Boris Johnson has moved to intensive care as his coronavirus conditions worsened, amid reports he was struggling to breathe.

Meanwhile, the predictions come off the back of a storming rally for Wall Street, with the Dow Jones surging 1,627 points or 7.7 percent to just under 22,678 following a brutal month in March.

Despite a growing death toll in the US, which is due to worsen over the following weeks, the S&P 500 index rose 7 percent and the more Composite rallied at 7.3 percent.

And China stocks rose by about 2 percent on Tuesday as markets resumed trading after a long weekend, with investor sentiment lifted by Beijing’s latest stimulus to shore up the world’s second-largest economy and a drop in the new coronavirus cases.

The Shanghai Composite index climbed 1.74 percent to 2,812.14 by the midday break.


It comes after Chinese markets were closed on Monday for the Qingming Festival holiday.

The blue-chip CSI300 index was up 1.97 percent, with its financial sector sub-index higher by 1.3 percent, the consumer staples sector up 2.71 percent, the real estate index gaining 0.83 percent and the healthcare sub-index up 2.13 percent.

Stock markets globally were on steadier grounds amid a slowdown in coronavirus deaths across Europe, including Spain, Italy and France, raised hopes that sweeping lockdown measures were starting to show results.


Source: Read Full Article