Stimulus hopes lift FTSE 100; financials, industrials gain | Malay Mail

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LONDON, Sept 7 — London’s FTSE 100 rose yesterday, led by financial and industrials stocks, on bets that central banks would keep monetary policy loose amid signs of a sharp slowdown in the global economic rebound. The export-heavy FTSE 100 closed the session up 0.7 per cent, with personal...

LONDON, Sept 7 — London’s FTSE 100 rose yesterday, led by financial and industrials stocks, on bets that central banks would keep monetary policy loose amid signs of a sharp slowdown in the global economic rebound.

The FTSE 100 had ended last week essentially flat as macroeconomic data suggested Britain’s recovery from the pandemic lost more momentum in August, a trend that was mirrored across the Atlantic with a dismal US jobs report. “The shockwaves are still reverberating from the sickly US jobs numbers on Friday, but the markets appear to be taking the positives from the news,” said AJ Bell investment director Russ Mould.

 

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