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FTSE 100 breaks above 7,000 level for first time since pandemic-led crash

Published 04/16/2021, 03:17 PM
Updated 04/16/2021, 03:20 PM
© Reuters.
UK100
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EMG
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FTMC
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FTNMX301010
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FTNMX601010
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FTNMX551020
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.3%, FTSE 250 adds 0.2%

April 16 (Reuters) - London's FTSE 100 rose above the
7,000-mark on Friday for the first time since the pandemic
pummelled financial markets last year, as speedy vaccine
rollouts and government policy support lifted investor sentiment
about a stronger economic re-opening.
The blue-chip index .FTSE climbed 0.3% to 7,005.68, with
heavyweight banking .FTNMX301010 , energy .FTNMX601010 ,
mining .FTNMX551020 stocks that stands to benefit from an
economic recovery gaining between 0.3% and 1.1%.
Globally, sentiment was also bolstered after a batch of
Chinese and U.S. economic data helped investors price in a solid
recovery from the coronavirus-led slump. MKTS/GLOB
The domestically focussed mid-cap FTSE 250 index .FTMC
gained 0.2%, hitting a record high.
Among stocks, Man Group EMG.L rose 0.9% after the hedge
fund manager posted a rise in funds it manages and said it
expected its customers to put in more money in the coming
quarters as client engagement was positive this year.


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