FTSE 100
With mood shifts from Monday’s decline, FTSE fled the fate of its eurozone counterparts and enjoyed modest profits as the deal approached its end.
Starting a holiday of 5,867 points from a 0.3% drop, FTSE rose 0.26% in the afternoon to recover to 5,900. Meanwhile, CAC and DAX, which were reduced by about 0.5%, respectively, fell by about 0.04% and 0.92%, respectively, to 4,941 points and 12,737, respectively.
Unlike its European peers, however, FTSE was able to return to the green as Dow Jones opened in a bright mood on Tuesday afternoon. Speaking about the Dow’s optimistic start, Connor Campbell of Spreadex Financial Analyst said:
“The key was that the Dow Jones opened in rebound mode and sank 410 points last night, then climbed 215 points and pushed back the indistinguishable weight to the 28,400 mark.”
“But this day is far from US metrics, and there is still a chance that more volatility is still expected at Nancy Pelosi’s stimulus deadline tonight, unless investors are satisfied with the assumption that there is no business going away on this side of the election based on Joe Biden’s consistent lead in the vote (and likely a blue wave will produce).”
The Dow Jones Open helped FTSE push the poor sentiment created by Wales’ new lockdown restrictions, but it also managed to book its own notable advances.
At the FTSE 100, there were some solid performances from travel and tourism, with IAG increasing by 6.85%, InterContinental Hotels Group increasing by 3.59% and Rolls-Royce increasing by 3.18%. But for many, the FTSE 250 remains the star of the show on Tuesday, with Cineworld bouncing 6.80% as it currently has a 10.29% rally, Vesuvius is up 5.49%, and Britvic signing a new bottling agreement with Pepsico.
