Weekly Round Up
This week has seen positive movements in the UK markets with the FTSE100 and FTSE250 advancing 2.76% and 3.13% respectively. The FTSE 250 jumped past the 22,000 mark on Wednesday for the first time in history as UK post-virus optimism abounded, while the blue-chip index gained for a second day.
Both indices continued to see gains through Thursday with minimal change on Friday, as the FTSE100 had a slight 18-point fall. The FTSE100’s climb to 6,940 sees the index advancing to a three-month high as the UK enters its next level of restrictions easing with industries preparing to reignite and bolster economic performance.
US markets advanced this week with the S&P closing on Thursday at another record high and tech stocks regaining lost ground from their recent sell-off – closing at 4097.17, the 19th record close this calendar year. Investors pushed the prices after new data on jobless claims was more positive than expected.
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