FTSE opens new year with a bang - News Summed Up

FTSE opens new year with a bang


Miners accounted for seven of the top ten FTSE 100 risers on hopes for a global recovery, with Fresnillo gaining 10.5 per centThe London market began the new year with a bang as Britain deployed its second Covid-19 jab and fears of post-Brexit border chaos disappeared. On the first day of trading since the UK left the European Union on New Year’s Eve the FTSE 100 rose by 1.8 per cent, or 113.23 points, to 6,573.75 for its best day in nearly two months. The gains came as trading in euro-denominated shares, such as Santander and Deutsche Bank, left London for Paris and Amsterdam, a result of the omission of financial services from the Brexit trade deal. Market operators in the European cities said that the transition was smooth. After a mixed session in Asia, European stocks posted modest gains, with the pan-continental Stoxx 600 rising by


Source: The Times January 04, 2021 17:12 UTC



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