FTSE gains despite end of US QE in sight

clock

London's leading share index edged up this morning, despite fears of an imminent end to US economic stimulus.

Minutes released last night from the latest Federal Reserve meeting showed some officials believe QE in the US should be ended. The FTSE 100 was up 0.32% at 6026.37 in early trade, with Marks and Spencer Group leading the charge, up 4.06%. Vedanta Resources gained 2.66%, followed by Rangold Resources, up 2.30%. TUI Travel was up 2.28%, while Next rose 2.17%. Conversely, Pearson dropped 2.18%, Standard Chartered fell 0.69%, Wolseley declined 0.65%, Petrofac dropped 0.52% and Invensys fell 0.47%. In Europe, Germany's Dax was up 0.28% to 7195.54, while France's Cac was up 0.12% to ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read