The FTSE 100 rose early on Tuesday as investors cheered for the impact of corporate outcomes.
The FTSE 100 added 46 points for 7,269 in the morning trade on Tuesday.
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“The FTSE 100 got off to a strong start on Tuesday, freed up by several powerful corporate updates and as investors respond to the fresh records set overnight on Wall Street.”
“Sharp Falls began to retreat to distance in September, when the index fell below the 7,000 mark. However, investors will continue to be cautious, considering the ongoing risks of Covid, inflation and slowing recovery. ”
“The strong outcomes for businesses are helping emotions. Tomorrow’s budget in the UK and the European Central Bank Conference on Thursday may help bring the wider economy back to the forefront of investors’ minds. This is what we see here. It remains to be seen whether they are cooperative or have a negative impact on the market.”
Whitbread and Reckitt Benkiser
Whitbread and Reckitt Benckiser have contributed significantly to the profits of the FTSE 100 after both companies released strong updates pointing to the move towards reopening normal trading after the pandemic.
Reckitt Benckiser was the top riser for the FTSE 100 after adding 6% in early trade on Monday.
“There’s a lot to like about this morning’s update from Reckitt Benckiser. Russ Russ, investment director at AJ Bell, said: “Model.
