Global markets were dominated by news out of the US on Tuesday as the Federal Reserve found another kitchen sink to throw at the coronavirus crisis. It paired up with murmurs out of Washington that the administration is considering spending one trillion dollars (£790 billion) on a major infrastructure push. By the end of the market hours, the FTSE 100 had added 178.09 points to 6,242.79, up 2.9%. “The bullish sentiment is largely being fuelled by the belief the Trump administration is looking to set aside an extra one trillion dollars for infrastructure spending,” said CMC Markets analyst David Madden. There were only three losers on the FTSE 100.

Source: Irish Independent June 16, 2020 16:30 UTC