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

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

'Wait and see approach'

Michael Nelson
clock 05 February 2026 • 2 min read
Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

'Catalyst' for rapid repricing

Alex Sebastian
clock 04 February 2026 • 4 min read
Partner Insight: A new VCT landscape - what advisers need to know after the Budget

Partner Insight: A new VCT landscape - what advisers need to know after the Budget

For professional advisers and paraplanners only. Not to be relied upon by retail clients.

Toyin Oyeneyin, Tax Product Specialist, Octopus Investments
clock 19 January 2026 • 5 min read