FTSE soars on further US stimulus hints

clock

The FTSE climbed 1.1% this morning to 5724.37 after rumours of more quantitative easing from the Federal Reserve gained momentum last night.

Yesterday, the Dow Jones closed up 0.09% at 11,020.40 on the back of hints the US government will pump money back into the economy. The Nasdaq also closed up by 0.65% to 2417.92 last night. In the UK, Fresnillo shares hit 1288p after a 3.79% rise. Petrofac grew by 4.81% to 1482p, whilst Hammerson shares hit 429.4p after a 3.42% rise. However, Standard Chartered took a tumble this morning, dropping 3.59% to 1840p following news of its $5bn equity raising plan. Burberry was also a drag on the index down 3.37% to 1004p while Barclays fell 2.64% to 287.5p. In Asia, the Nikkei 225 close...

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 Economics / Markets

Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read